Alaethes Wealth LLC Sells 4,140 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Alaethes Wealth LLC lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,559 shares of the company’s stock after selling 4,140 shares during the quarter. Alaethes Wealth LLC’s holdings in British American Tobacco were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its position in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after purchasing an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of British American Tobacco during the fourth quarter worth $27,000. Versant Capital Management Inc bought a new position in British American Tobacco in the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. increased its position in British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after purchasing an additional 846 shares during the period. Finally, ORG Partners LLC raised its holdings in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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 research report on Monday, January 27th. Finally, Bank of America began coverage on British American Tobacco in a research note on Wednesday. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

British American Tobacco Stock Down 0.3 %

Shares of NYSE:BTI opened at $43.17 on Friday. The company has a 50 day moving average price of $41.13 and a two-hundred day moving average price of $38.52. The company has a market capitalization of $89.35 billion, a PE ratio of 8.86 and a beta of 0.38. British American Tobacco p.l.c. has a 52 week low of $29.69 and a 52 week high of $43.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76.

British American Tobacco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be issued 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 is presently 60.57%.

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.