Corient Private Wealth LLC Lowers Stake in British American Tobacco p.l.c. (NYSE:BTI)

Corient Private Wealth LLC trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,067 shares of the company’s stock after selling 36,577 shares during the quarter. Corient Private Wealth LLC’s holdings in British American Tobacco were worth $1,383,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. lifted its position in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after buying an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco during the 4th quarter worth $27,000. Versant Capital Management Inc acquired a new stake in British American Tobacco in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. lifted its stake in shares of British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after purchasing an additional 846 shares in the last quarter. Finally, ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.3 %

Shares of BTI opened at $40.72 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The stock has a 50-day moving average price of $39.57 and a 200 day moving average price of $37.60. The company has a market capitalization of $84.35 billion, a P/E ratio of 8.36 and a beta of 0.50.

British American Tobacco Dividend Announcement

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

Analysts Set New Price Targets

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

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.