Raymond James Financial Inc. Sells 41,246 Shares of British American Tobacco p.l.c. $BTI

Raymond James Financial Inc. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,490,134 shares of the company’s stock after selling 41,246 shares during the period. Raymond James Financial Inc. owned 0.07% of British American Tobacco worth $61,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in 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 buying an additional 280 shares during the period. Golden State Wealth Management LLC lifted its holdings in 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 buying an additional 305 shares during the period. Ameriflex Group Inc. purchased a new stake in British American Tobacco during the fourth quarter worth $26,000. Financial Management Professionals Inc. lifted its holdings in 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 buying an additional 278 shares during the period. Finally, Mather Group LLC. lifted its holdings in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating for the company. Bank of America assumed coverage on British American Tobacco in a report on Wednesday, April 30th. They set a “buy” rating for the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley reiterated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Finally, Barclays reiterated an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

British American Tobacco Price Performance

Shares of BTI opened at $59.0150 on Thursday. The business’s 50-day moving average is $51.96 and its two-hundred day moving average is $45.40. The company has a market capitalization of $121.56 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.31 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.15.

British American Tobacco Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th were given a dividend of $0.7391 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend was Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is currently 64.68%.

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.