British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Cwm LLC

Cwm LLC decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,676 shares of the company’s stock after selling 643 shares during the period. Cwm LLC’s holdings in British American Tobacco were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after purchasing an additional 305 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after purchasing an additional 280 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in British American Tobacco in the fourth quarter valued at $26,000. Financial Management Professionals Inc. lifted its position 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 acquiring an additional 278 shares during the last quarter. Finally, Mather Group LLC. lifted its position in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BTI shares. Barclays reissued an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating for the company. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America started coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $52.26 on Friday. The company has a 50-day simple moving average of $48.27 and a 200-day simple moving average of $43.06. British American Tobacco p.l.c. has a one year low of $34.12 and a one year high of $52.98. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. The stock has a market capitalization of $107.79 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 4.87 and a beta of 0.33.

British American Tobacco Cuts Dividend

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

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.