TD Private Client Wealth LLC Sells 50,550 Shares of British American Tobacco p.l.c. (NYSE:BTI)

TD Private Client Wealth LLC reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,917 shares of the company’s stock after selling 50,550 shares during the quarter. TD Private Client Wealth LLC’s holdings in British American Tobacco were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of British American Tobacco by 45.3% during the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after purchasing an additional 14,432 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of British American Tobacco by 9.8% during the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after acquiring an additional 26,863 shares during the period. Cerity Partners LLC lifted its holdings in British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after acquiring an additional 31,250 shares during the period. Finally, Edmp Inc. bought a new position in British American Tobacco in the fourth quarter valued at about $219,000. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Down 0.6 %

NYSE BTI opened at $40.83 on Friday. 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 quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $84.56 billion, a P/E ratio of 8.38 and a beta of 0.50. The stock’s 50-day moving average price is $39.36 and its 200-day moving average price is $37.57.

British American Tobacco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is currently 60.57%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BTI shares. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report 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.