British American Tobacco p.l.c. (NYSE:BTI) Position Lessened by Adams Asset Advisors LLC

Adams Asset Advisors LLC trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.1% during the first quarter, Holdings Channel reports. The fund owned 385,516 shares of the company’s stock after selling 25,000 shares during the quarter. British American Tobacco accounts for 2.2% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Adams Asset Advisors LLC’s holdings in British American Tobacco were worth $15,949,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. increased its position in shares of British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after acquiring an additional 278 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. increased its position in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after acquiring an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco in the fourth quarter worth about $27,000. Finally, CX Institutional acquired a new position in British American Tobacco in the first quarter worth about $34,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 1.2%

NYSE:BTI opened at $49.35 on Thursday. 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 50-day simple moving average of $44.29 and a 200 day simple moving average of $40.68. British American Tobacco p.l.c. has a one year low of $30.81 and a one year high of $49.58. The company has a market capitalization of $102.00 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 4.09 and a beta of 0.31.

British American Tobacco Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.