Envestnet Portfolio Solutions Inc. Reduces Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Portfolio Solutions Inc. lowered its position in British American Tobacco p.l.c. (NYSE:BTI) by 54.8% during the fourth quarter, HoldingsChannel reports. The firm owned 31,983 shares of the company’s stock after selling 38,715 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in British American Tobacco were worth $1,162,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BTI. SG Americas Securities LLC boosted its position in British American Tobacco by 45.3% during the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after acquiring an additional 14,432 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of British American Tobacco by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock worth $7,121,000 after purchasing an additional 17,478 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after purchasing an additional 26,863 shares during the last quarter. Cerity Partners LLC lifted its position in British American Tobacco by 89.6% during the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after buying an additional 31,250 shares in the last quarter. Finally, Edmp Inc. acquired a new position in British American Tobacco during the fourth quarter worth $219,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BTI shares. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report 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 Price Performance

BTI stock opened at $40.83 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The business has a fifty day moving average of $39.36 and a two-hundred day moving average of $37.57. The stock has a market cap of $84.56 billion, a price-to-earnings ratio of 8.38 and a beta of 0.50. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

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 $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s payout ratio is currently 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.