Envestnet Asset Management Inc. Sells 882,760 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Asset Management Inc. decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,404,552 shares of the company’s stock after selling 882,760 shares during the period. Envestnet Asset Management Inc.’s holdings in British American Tobacco were worth $51,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTI. Charles Schwab Investment Management Inc. increased its position in British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after purchasing an additional 26,863 shares during the period. Centiva Capital LP purchased a new position in British American Tobacco during the third quarter valued at approximately $249,000. Janus Henderson Group PLC raised its stake in British American Tobacco by 49.6% in the third quarter. Janus Henderson Group PLC now owns 11,457 shares of the company’s stock worth $419,000 after buying an additional 3,800 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in British American Tobacco by 3.4% during the third quarter. Integrated Wealth Concepts LLC now owns 12,890 shares of the company’s stock worth $472,000 after buying an additional 418 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in British American Tobacco by 9.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 62,992 shares of the company’s stock valued at $2,304,000 after acquiring an additional 5,264 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $40.61 on Friday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The business’s fifty day simple moving average is $40.32 and its 200-day simple moving average is $37.81. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a market cap of $84.11 billion, a PE ratio of 8.34 and a beta of 0.38.

British American Tobacco Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is currently 60.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

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.