British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Altrius Capital Management Inc

Altrius Capital Management Inc trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,313 shares of the company’s stock after selling 3,378 shares during the quarter. British American Tobacco comprises 2.3% of Altrius Capital Management Inc’s holdings, making the stock its 3rd largest position. Altrius Capital Management Inc’s holdings in British American Tobacco were worth $8,438,000 at the end of the most recent quarter.

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

British American Tobacco Trading Down 0.4 %

NYSE:BTI opened at $38.71 on Friday. 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 company has a market capitalization of $80.26 billion, a P/E ratio of 7.95 and a beta of 0.53. The stock’s 50 day moving average price is $38.00 and its 200 day moving average price is $37.12. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74.

British American Tobacco Dividend Announcement

The business also recently announced 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 of this dividend is Friday, March 28th. British American Tobacco’s payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note 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.