Investors Research Corp Sells 500 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Investors Research Corp reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,198 shares of the company’s stock after selling 500 shares during the period. Investors Research Corp’s holdings in British American Tobacco were worth $879,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of British American Tobacco by 67.7% in 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 in the last quarter. Natixis Advisors LLC increased its stake in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after purchasing an additional 206,117 shares in the last quarter. Raymond James Financial Inc. purchased a new position in British American Tobacco during the fourth quarter valued at approximately $55,620,000. ABC Arbitrage SA purchased a new position in British American Tobacco during the fourth quarter valued at approximately $31,480,000. Finally, Public Employees Retirement System of Ohio purchased a new position in British American Tobacco during the third quarter valued at approximately $28,183,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BTI shares. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

British American Tobacco Trading Up 1.7 %

Shares of British American Tobacco stock opened at $40.86 on Monday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The firm has a market cap of $84.74 billion, a PE ratio of 8.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The company has a 50 day simple moving average of $38.43 and a two-hundred day simple moving average of $37.29.

British American Tobacco Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s 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.