Investment Management Associates Inc. ADV Sells 21,165 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Investment Management Associates Inc. ADV trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 612,517 shares of the company’s stock after selling 21,165 shares during the period. British American Tobacco makes up 9.7% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 3rd biggest holding. Investment Management Associates Inc. ADV’s holdings in British American Tobacco were worth $22,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of British American Tobacco in the 4th quarter valued at about $34,000. ORG Partners LLC lifted its stake in shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after purchasing an additional 299 shares in the last quarter. Kieckhefer Group LLC acquired a new position in British American Tobacco during the 4th quarter worth approximately $44,000. Creative Financial Designs Inc. ADV lifted its position in British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after acquiring an additional 748 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.4 %

Shares of NYSE BTI opened at $38.57 on Friday. 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 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The business has a 50 day simple moving average of $37.89 and a 200-day simple moving average of $37.02.

British American Tobacco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be issued a $0.7391 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.66%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BTI. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday. 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.