British American Tobacco p.l.c. (NYSE:BTI) Stock Holdings Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,908 shares of the company’s stock after selling 6,354 shares during the quarter. Thrivent Financial for Lutherans’ holdings in British American Tobacco were worth $650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BTI. Raymond James Financial Inc. bought a new position in shares of British American Tobacco in the fourth quarter worth $55,620,000. ABC Arbitrage SA bought a new position in British American Tobacco in the 4th quarter valued at about $31,480,000. Public Employees Retirement System of Ohio acquired a new position in British American Tobacco during the 3rd quarter valued at about $28,183,000. SBI Securities Co. Ltd. bought a new stake in shares of British American Tobacco during the 4th quarter worth about $11,820,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of British American Tobacco by 129.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 385,920 shares of the company’s stock worth $14,117,000 after acquiring an additional 218,000 shares during the period. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

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

British American Tobacco Stock Down 1.9 %

BTI stock opened at $40.31 on Thursday. 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 debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $83.50 billion, a price-to-earnings ratio of 8.28 and a beta of 0.38. The company has a 50-day moving average of $40.13 and a two-hundred day moving average of $37.69.

British American Tobacco Dividend Announcement

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

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.