British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 136,208 shares of the company’s stock after selling 8,889 shares during the quarter. Bank of New York Mellon Corp’s holdings in British American Tobacco were worth $4,947,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Versant Capital Management Inc acquired a new position in shares of British American Tobacco during the 4th quarter worth $34,000. ORG Partners LLC increased its holdings in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares in the last quarter. Kieckhefer Group LLC acquired a new position in British American Tobacco during the fourth quarter worth about $44,000. Continuum Advisory LLC grew its position in shares of British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after purchasing an additional 748 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of British American Tobacco by 274.0% during the 4th quarter. Brooklyn Investment Group now owns 1,541 shares of the company’s stock worth $56,000 after purchasing an additional 1,129 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

British American Tobacco stock opened at $41.83 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $86.75 billion, a P/E ratio of 8.59 and a beta of 0.50. The firm has a fifty day moving average of $39.00 and a 200-day moving average of $37.48. 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 company also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is 60.57%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BTI. UBS Group raised 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.

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.