Whittier Trust Co. of Nevada Inc. trimmed its position in shares of British American Tobacco PLC (NYSE:BTI) by 40.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the company’s stock after selling 2,939 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in British American Tobacco were worth $179,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG grew its position in British American Tobacco by 99.5% during the 4th quarter. Deutsche Bank AG now owns 2,912,205 shares of the company’s stock worth $92,780,000 after acquiring an additional 1,452,488 shares during the last quarter. Two Sigma Investments LP bought a new position in British American Tobacco during the 4th quarter worth approximately $32,727,000. Boston Partners bought a new position in British American Tobacco during the 4th quarter worth approximately $26,016,000. OLD Mission Capital LLC grew its position in British American Tobacco by 134.1% during the 4th quarter. OLD Mission Capital LLC now owns 517,476 shares of the company’s stock worth $16,487,000 after acquiring an additional 296,440 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in British American Tobacco by 97.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 596,616 shares of the company’s stock worth $19,008,000 after acquiring an additional 293,878 shares during the last quarter. 6.21% of the stock is currently owned by institutional investors.
BTI has been the topic of several recent research reports. Piper Jaffray Companies upgraded British American Tobacco from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 29th. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Finally, Citigroup upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.00.
Shares of BTI stock traded up $0.37 during trading hours on Friday, reaching $37.86. The company’s stock had a trading volume of 1,317,300 shares, compared to its average volume of 2,484,872. The firm has a market cap of $79.89 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.39 and a beta of 0.83. British American Tobacco PLC has a one year low of $30.67 and a one year high of $55.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, March 22nd were given a $0.6745 dividend. The ex-dividend date was Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 7.13%. British American Tobacco’s dividend payout ratio is currently 66.16%.
British American Tobacco Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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