British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Manchester Capital Management LLC

Manchester Capital Management LLC reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 20.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,005 shares of the company’s stock after selling 258 shares during the quarter. Manchester Capital Management LLC’s holdings in British American Tobacco were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BTI. CWM LLC lifted its stake in shares of British American Tobacco by 4.0% in the 3rd quarter. CWM LLC now owns 17,185 shares of the company’s stock worth $629,000 after acquiring an additional 668 shares during the period. Creative Planning raised its holdings in shares of British American Tobacco by 32.9% in the 3rd quarter. Creative Planning now owns 143,916 shares of the company’s stock worth $5,264,000 after purchasing an additional 35,661 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $336,000. Bleakley Financial Group LLC raised its holdings in shares of British American Tobacco by 6.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 34,682 shares of the company’s stock worth $1,269,000 after purchasing an additional 2,239 shares in the last quarter. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $217,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on BTI. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Stock Down 2.0 %

BTI stock opened at $38.80 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The company’s 50 day simple moving average is $37.83 and its 200-day simple moving average is $36.95. 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 firm has a market capitalization of $80.47 billion, a P/E ratio of 7.79 and a beta of 0.53.

British American Tobacco Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be paid a $0.7391 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 annualized dividend and a yield of 7.62%. British American Tobacco’s dividend payout ratio is presently 57.83%.

British American Tobacco Profile

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.