British American Tobacco p.l.c. (NYSE:BTI) Stake Lessened by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,088 shares of the company’s stock after selling 8,588 shares during the quarter. National Bank of Canada FI’s holdings in British American Tobacco were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Townsquare Capital LLC increased its holdings in shares of British American Tobacco by 61.7% in the 4th quarter. Townsquare Capital LLC now owns 32,314 shares of the company’s stock valued at $1,174,000 after purchasing an additional 12,334 shares during the period. Mariner LLC increased its stake in British American Tobacco by 55.5% in the 4th quarter. Mariner LLC now owns 147,944 shares of the company’s stock valued at $5,373,000 after buying an additional 52,818 shares during the period. United Capital Financial Advisors LLC lifted its position in British American Tobacco by 5.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 16,254 shares of the company’s stock worth $590,000 after buying an additional 878 shares in the last quarter. Evergreen Capital Management LLC lifted its position in British American Tobacco by 55.4% in the 4th quarter. Evergreen Capital Management LLC now owns 15,499 shares of the company’s stock worth $574,000 after buying an additional 5,525 shares in the last quarter. Finally, Capital International Sarl acquired a new stake in shares of British American Tobacco during the 4th quarter valued at $501,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTI. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Jefferies Financial Group initiated coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating for the company. Barclays reissued an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Bank of America assumed coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

British American Tobacco Trading Up 0.6%

British American Tobacco stock opened at $57.43 on Friday. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $58.46. The company’s fifty day moving average price is $51.17 and its two-hundred day moving average price is $44.89. The company has a market capitalization of $118.29 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.24 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were paid a $0.7391 dividend. This represents a dividend yield of 599.0%. The ex-dividend date of this dividend was Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is presently 64.68%.

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.