British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,475 shares of the company’s stock after selling 437 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in British American Tobacco were worth $199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BTI. SG Americas Securities LLC raised its holdings in shares of British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after buying an additional 14,432 shares during the period. QRG Capital Management Inc. raised its holdings in shares of British American Tobacco by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after buying an additional 17,478 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after buying an additional 26,863 shares during the period. Cerity Partners LLC raised its holdings in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Price Performance

BTI stock opened at $41.40 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.76 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. The stock’s 50 day moving average is $38.90 and its two-hundred day moving average is $37.44. The company has a market capitalization of $85.85 billion, a PE ratio of 8.50 and a beta of 0.50.

British American Tobacco Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is 60.57%.

Analyst Ratings Changes

Several brokerages recently commented on BTI. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

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.