Yousif Capital Management LLC Sells 10,500 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Yousif Capital Management LLC cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 31.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,751 shares of the company’s stock after selling 10,500 shares during the period. Yousif Capital Management LLC’s holdings in British American Tobacco were worth $826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTI. CWM LLC grew its holdings in shares of British American Tobacco by 4.0% during the third quarter. CWM LLC now owns 17,185 shares of the company’s stock worth $629,000 after purchasing an additional 668 shares during the last quarter. Creative Planning increased its position in British American Tobacco by 32.9% in the 3rd quarter. Creative Planning now owns 143,916 shares of the company’s stock valued at $5,264,000 after acquiring an additional 35,661 shares in the last quarter. Good Life Advisors LLC bought a new position in shares of British American Tobacco in the third quarter worth about $336,000. Bleakley Financial Group LLC lifted its position in shares of British American Tobacco by 6.9% during the third quarter. Bleakley Financial Group LLC now owns 34,682 shares of the company’s stock worth $1,269,000 after purchasing an additional 2,239 shares in the last quarter. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $217,000. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Trading Down 2.0 %

BTI opened at $38.80 on Friday. The firm has a 50 day simple moving average of $37.83 and a 200 day simple moving average of $36.95. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The company has a market cap of $80.47 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

British American Tobacco Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be given a dividend of $0.7391 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Tuesday, December 30th. British American Tobacco’s payout ratio is 57.83%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BTI. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

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.