Teachers Advisors LLC decreased its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,901 shares of the company’s stock after selling 5,775 shares during the quarter. Teachers Advisors LLC’s holdings in British American Tobacco were worth $6,156,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC purchased a new position in shares of British American Tobacco during the fourth quarter valued at $100,000. Krilogy Financial LLC purchased a new position in shares of British American Tobacco during the third quarter valued at $106,000. Asset Management One Co. Ltd. purchased a new position in shares of British American Tobacco during the third quarter valued at $109,000. Delpha Capital Management LLC purchased a new position in shares of British American Tobacco during the fourth quarter valued at $116,000. Finally, Schroder Investment Management Group purchased a new position in shares of British American Tobacco during the third quarter valued at $128,000. Institutional investors and hedge funds own 8.80% of the company’s stock.
Shares of NYSE BTI opened at $60.27 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.52. British American Tobacco PLC has a one year low of $53.38 and a one year high of $73.41.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, October 5th will be paid a $0.6792 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $2.72 dividend on an annualized basis and a yield of 4.51%. British American Tobacco’s dividend payout ratio (DPR) is currently 54.89%.
BTI has been the topic of a number of research analyst reports. Citigroup downgraded British American Tobacco from a “buy” rating to a “neutral” rating in a report on Wednesday, February 28th. Zacks Investment Research downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and an average price target of $79.00.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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