Brown Brothers Harriman & Co. Sells 8,040 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Brown Brothers Harriman & Co. decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 63.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,573 shares of the company’s stock after selling 8,040 shares during the period. Brown Brothers Harriman & Co.’s holdings in British American Tobacco were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BTI. Thrivent Financial for Lutherans lifted its holdings in British American Tobacco by 46.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company’s stock valued at $887,000 after purchasing an additional 7,686 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $4,824,000 after buying an additional 26,863 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of British American Tobacco by 35.0% during the 3rd quarter. Citigroup Inc. now owns 166,353 shares of the company’s stock worth $6,085,000 after buying an additional 43,098 shares during the period. Cerity Partners LLC raised its holdings in British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after acquiring an additional 31,250 shares during the period. Finally, FMR LLC lifted its position in 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 acquiring an additional 2,868,675 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BTI has been the subject of several research reports. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Stock Up 2.1 %

NYSE BTI opened at $41.36 on Tuesday. The company has a market cap of $85.66 billion, a price-to-earnings ratio of 8.49 and a beta of 0.50. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. 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 50 day moving average of $39.96 and a 200-day moving average of $37.65.

British American Tobacco Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders 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 60.57%.

About British American Tobacco

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.