British American Tobacco p.l.c. (NYSE:BTI) Stock Holdings Trimmed by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,067 shares of the company’s stock after selling 36,577 shares during the period. Corient Private Wealth LLC’s holdings in British American Tobacco were worth $1,383,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sound View Wealth Advisors Group LLC boosted its holdings in British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock worth $323,000 after purchasing an additional 258 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in shares of British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after buying an additional 295 shares during the period. ORG Partners LLC grew its position in shares of 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 buying an additional 299 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in British American Tobacco by 0.4% in the fourth quarter. Moors & Cabot Inc. now owns 81,858 shares of the company’s stock worth $2,973,000 after acquiring an additional 321 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in British American Tobacco by 1.3% in the fourth quarter. Brandes Investment Partners LP now owns 26,540 shares of the company’s stock valued at $964,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $40.72 on Wednesday. The firm’s 50 day moving average is $39.57 and its two-hundred day moving average is $37.60. The firm has a market capitalization of $84.35 billion, a P/E ratio of 8.36 and a beta of 0.50. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. 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 Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is currently 60.57%.

British American Tobacco 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.