Wells Fargo & Company MN Sells 697,711 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Wells Fargo & Company MN reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,289,026 shares of the company's stock after selling 697,711 shares during the period. Wells Fargo & Company MN owned about 0.06% of British American Tobacco worth $46,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its position in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in British American Tobacco during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc acquired a new stake in shares of British American Tobacco in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. increased its holdings in shares of British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after purchasing an additional 846 shares during the period. Finally, ORG Partners LLC increased its stake in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BTI shares. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

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British American Tobacco Trading Up 1.0 %

NYSE:BTI traded up $0.41 on Monday, hitting $41.98. 4,744,229 shares of the stock were exchanged, compared to its average volume of 4,666,602. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The company's 50-day moving average price is $40.34 and its 200 day moving average price is $37.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a market capitalization of $86.88 billion, a price-to-earnings ratio of 8.62 and a beta of 0.38.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio is presently 60.57%.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.