Bank of New York Mellon Corp Trims Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Bank of New York Mellon Corp reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

Several other institutional investors have also modified their holdings of BTI. Atlanta Consulting Group Advisors LLC acquired a new stake in British American Tobacco during the third quarter worth $499,000. Thrivent Financial for Lutherans increased its position in shares of British American Tobacco by 46.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company’s stock worth $887,000 after purchasing an additional 7,686 shares during the last quarter. AMG National Trust Bank raised its holdings in British American Tobacco by 4.1% in the 3rd quarter. AMG National Trust Bank now owns 84,281 shares of the company’s stock valued at $3,083,000 after buying an additional 3,281 shares during the period. Savoir Faire Capital Management L.P. lifted its position in British American Tobacco by 590.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 172,520 shares of the company’s stock valued at $6,311,000 after buying an additional 147,520 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of British American Tobacco during the third quarter valued at about $1,428,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BTI shares. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Stock Up 1.1 %

BTI stock opened at $41.83 on Tuesday. The company’s 50 day moving average is $39.00 and its two-hundred day moving average is $37.48. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a market cap of $86.75 billion, a P/E ratio of 8.59 and a beta of 0.50.

British American Tobacco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Investors 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 dividend payout ratio (DPR) is 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.