Motco Sells 1,068 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Motco lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,678 shares of the company’s stock after selling 1,068 shares during the quarter. Motco’s holdings in British American Tobacco were worth $3,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BTI. FMR LLC lifted its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after purchasing an additional 2,868,675 shares during the last quarter. ABC Arbitrage SA purchased a new position in British American Tobacco during the 4th quarter worth $31,480,000. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco during the 3rd quarter valued at $28,183,000. Bridgewater Associates LP bought a new position in shares of British American Tobacco during the 3rd quarter worth $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BTI. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Trading Down 0.4 %

British American Tobacco stock opened at $38.71 on Friday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The stock has a 50-day moving average price of $38.00 and a 200 day moving average price of $37.12. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $80.26 billion, a price-to-earnings ratio of 7.95 and a beta of 0.53.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders 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 (DPR) is presently 60.57%.

British American Tobacco 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.