Virtu Financial LLC Decreases Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Virtu Financial LLC cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 91.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,234 shares of the company’s stock after selling 94,051 shares during the period. Virtu Financial LLC’s holdings in British American Tobacco were worth $299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after buying an additional 14,432 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of British American Tobacco by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock worth $7,121,000 after acquiring an additional 17,478 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after purchasing an additional 26,863 shares in the last quarter. Cerity Partners LLC lifted its holdings in British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after purchasing an additional 31,250 shares in the last quarter. Finally, Edmp Inc. acquired a new stake in British American Tobacco during the 4th quarter worth $219,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

British American Tobacco Stock Up 0.8 %

NYSE BTI opened at $41.14 on Friday. The business’s fifty day simple moving average is $39.78 and its 200-day simple moving average is $37.65. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a market cap of $85.21 billion, a PE ratio of 8.45 and a beta of 0.50. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74.

British American Tobacco Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) 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.