British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Summit Securities Group LLC

Summit Securities Group LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 95.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,500 shares of the company’s stock after selling 482,448 shares during the period. Summit Securities Group LLC’s holdings in British American Tobacco were worth $745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound View Wealth Advisors Group LLC increased its position in British American Tobacco by 3.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock valued at $323,000 after acquiring an additional 258 shares during the period. Stokes Family Office LLC increased its holdings in shares of British American Tobacco by 1.9% in the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock valued at $534,000 after purchasing an additional 269 shares during the period. Key Client Fiduciary Advisors LLC raised its stake in shares of British American Tobacco by 2.0% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock worth $547,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the period. Finally, Harbour Investments Inc. increased its stake in British American Tobacco by 17.0% in the 4th quarter. Harbour Investments Inc. now owns 2,095 shares of the company’s stock valued at $76,000 after buying an additional 305 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI opened at $40.53 on Friday. The company has a market capitalization of $83.94 billion, a PE ratio of 8.32 and a beta of 0.50. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The company has a 50-day simple moving average of $39.86 and a 200-day simple moving average of $37.65. 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 Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BTI shares. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report 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.