StockNews.com Lowers British American Tobacco (NYSE:BTI) to Hold

StockNews.com downgraded shares of British American Tobacco (NYSE:BTI) from a buy rating to a hold rating in a report published on Monday morning.

British American Tobacco Stock Up 0.6 %

Shares of BTI stock opened at $30.16 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $35.61. The stock has a fifty day moving average price of $29.77 and a 200 day moving average price of $30.09.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be given a dividend of $0.7431 per share. This represents a $2.97 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date is Friday, December 20th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Heritage Wealth Advisors purchased a new stake in shares of British American Tobacco during the fourth quarter worth about $26,000. Parkside Financial Bank & Trust grew its stake in British American Tobacco by 308.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after acquiring an additional 710 shares during the period. HBC Financial Services PLLC acquired a new position in British American Tobacco in the 4th quarter valued at $29,000. CoreFirst Bank & Trust boosted its holdings in shares of British American Tobacco by 297.1% during the third quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after purchasing an additional 707 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its position in shares of British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares during the period. 21.44% of the stock is currently owned by institutional investors and hedge funds.

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.