Titleist Asset Management LLC Sells 4,249 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Titleist Asset Management LLC lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,547 shares of the company’s stock after selling 4,249 shares during the quarter. Titleist Asset Management LLC’s holdings in British American Tobacco were worth $637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BTI. O Shaughnessy Asset Management LLC grew its holdings in British American Tobacco by 1.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock valued at $17,922,000 after buying an additional 7,875 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock worth $221,343,000 after purchasing an additional 1,196,020 shares during the last quarter. Cove Street Capital LLC purchased a new position in shares of British American Tobacco in the 4th quarter worth $1,050,000. SG Americas Securities LLC increased its holdings in shares of British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after buying an additional 14,432 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of British American Tobacco by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after buying an additional 17,478 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 4.6 %

Shares of NYSE BTI opened at $39.99 on Monday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The firm has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $37.72. The company has a market cap of $82.84 billion, a P/E ratio of 8.21 and a beta of 0.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors 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 payout ratio is currently 60.57%.

Analysts Set New Price Targets

BTI has been the topic of several analyst reports. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

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.