Brown Advisory Inc. Has $627,000 Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Brown Advisory Inc. raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,151 shares of the company’s stock after purchasing an additional 1,093 shares during the period. Brown Advisory Inc.’s holdings in British American Tobacco were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Park Avenue Securities LLC increased its stake in British American Tobacco by 0.7% in the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company’s stock valued at $1,401,000 after purchasing an additional 244 shares in the last quarter. Elevation Point Wealth Partners LLC increased its stake in British American Tobacco by 1.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company’s stock valued at $691,000 after purchasing an additional 258 shares in the last quarter. Keystone Financial Group increased its stake in British American Tobacco by 1.5% in the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company’s stock valued at $643,000 after purchasing an additional 267 shares in the last quarter. Stokes Family Office LLC increased its stake in British American Tobacco by 1.9% in the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock valued at $534,000 after purchasing an additional 269 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after purchasing an additional 278 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

NYSE:BTI opened at $51.37 on Tuesday. British American Tobacco p.l.c. has a 1-year low of $31.92 and a 1-year high of $51.89. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $46.51 and a 200 day simple moving average of $42.18. The stock has a market capitalization of $105.97 billion, a PE ratio of 10.55, a P/E/G ratio of 4.71 and a beta of 0.33.

British American Tobacco Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be paid a $0.7391 dividend. The ex-dividend date is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco’s dividend payout ratio is presently 60.78%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays restated an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, July 6th. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating for the company. Finally, Bank of America assumed coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

About British American Tobacco

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.