Bleakley Financial Group LLC Cuts Stake in British American Tobacco p.l.c. (NYSE:BTI)

Bleakley Financial Group LLC lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,135 shares of the company’s stock after selling 17,630 shares during the quarter. Bleakley Financial Group LLC’s holdings in British American Tobacco were worth $1,293,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in British American Tobacco by 90.8% during the 1st quarter. BlackRock Inc. now owns 11,558,458 shares of the company’s stock worth $405,933,000 after buying an additional 5,501,775 shares during the last quarter. Capital International Investors raised its position in British American Tobacco by 12.6% during the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock worth $400,788,000 after buying an additional 1,060,090 shares during the last quarter. Bank of America Corp DE raised its position in British American Tobacco by 7.1% during the 1st quarter. Bank of America Corp DE now owns 7,008,085 shares of the company’s stock worth $246,124,000 after buying an additional 464,946 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of British American Tobacco by 8.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,311,628 shares of the company’s stock valued at $181,778,000 after purchasing an additional 340,040 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of British American Tobacco by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,661,558 shares of the company’s stock valued at $128,594,000 after purchasing an additional 64,984 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI opened at $29.11 on Friday. The company has a 50-day simple moving average of $30.15 and a 200-day simple moving average of $30.29. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $71.51 billion, a PE ratio of 6.03, a P/E/G ratio of 1.24 and a beta of 0.53. British American Tobacco p.l.c. has a 52-week low of $28.35 and a 52-week high of $37.65.

British American Tobacco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be issued a $0.7431 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a dividend yield of 10.21%. British American Tobacco’s dividend payout ratio is presently 60.66%.

British American Tobacco 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.