Wealth Enhancement Advisory Services LLC Grows Stake in British American Tobacco p.l.c. (NYSE:BTI)

Wealth Enhancement Advisory Services LLC grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 26.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,922 shares of the company’s stock after purchasing an additional 23,359 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in British American Tobacco were worth $4,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BTI. Rhumbline Advisers grew its holdings in British American Tobacco by 7.9% in the fourth quarter. Rhumbline Advisers now owns 5,458 shares of the company’s stock worth $198,000 after purchasing an additional 400 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of British American Tobacco by 12.7% during the fourth quarter. Private Advisor Group LLC now owns 39,995 shares of the company’s stock worth $1,453,000 after buying an additional 4,493 shares during the period. Ieq Capital LLC lifted its stake in shares of British American Tobacco by 19.0% during the fourth quarter. Ieq Capital LLC now owns 13,417 shares of the company’s stock worth $487,000 after buying an additional 2,141 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of British American Tobacco during the fourth quarter worth $77,000. Finally, Addison Advisors LLC lifted its stake in shares of British American Tobacco by 34.7% during the fourth quarter. Addison Advisors LLC now owns 1,853 shares of the company’s stock worth $67,000 after buying an additional 477 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays reiterated an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

British American Tobacco Trading Down 1.5%

NYSE BTI opened at $47.78 on Thursday. The company has a market capitalization of $98.66 billion, a PE ratio of 9.81, a P/E/G ratio of 4.07 and a beta of 0.31. The company has a fifty day moving average of $44.99 and a 200 day moving average of $41.06. British American Tobacco p.l.c. has a 1 year low of $30.81 and a 1 year high of $49.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be given a dividend of $0.7391 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a yield of 5.99%. British American Tobacco’s dividend payout ratio is presently 65.09%.

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.