Philip James Wealth Mangement LLC Sells 484 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Philip James Wealth Mangement LLC reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 0.3% during the fourth quarter, HoldingsChannel reports. The fund owned 165,843 shares of the company’s stock after selling 484 shares during the quarter. British American Tobacco comprises 0.8% of Philip James Wealth Mangement LLC’s holdings, making the stock its 27th biggest position. Philip James Wealth Mangement LLC’s holdings in British American Tobacco were worth $6,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BTI. Sheaff Brock Investment Advisors LLC grew its holdings in British American Tobacco by 14.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 8,024 shares of the company’s stock valued at $291,000 after buying an additional 1,000 shares in the last quarter. Allworth Financial LP grew its holdings in British American Tobacco by 86.3% during the 4th quarter. Allworth Financial LP now owns 4,997 shares of the company’s stock valued at $183,000 after buying an additional 2,315 shares in the last quarter. Principal Securities Inc. grew its holdings in British American Tobacco by 195.0% during the 4th quarter. Principal Securities Inc. now owns 26,730 shares of the company’s stock valued at $971,000 after buying an additional 17,669 shares in the last quarter. Rhumbline Advisers grew its holdings in British American Tobacco by 7.9% during the 4th quarter. Rhumbline Advisers now owns 5,458 shares of the company’s stock valued at $198,000 after buying an additional 400 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in British American Tobacco during the 4th quarter valued at about $31,480,000. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BTI. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $38.80 on Monday. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business has a 50-day moving average of $37.83 and a 200-day moving average of $36.96.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Tuesday, December 30th.

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.