Motco Sells 1,068 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Motco lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,678 shares of the company’s stock after selling 1,068 shares during the period. Motco’s holdings in British American Tobacco were worth $3,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in British American Tobacco by 22.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,664 shares of the company’s stock worth $719,000 after buying an additional 3,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of British American Tobacco by 145.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 171,791 shares of the company’s stock valued at $6,284,000 after purchasing an additional 101,674 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of British American Tobacco by 25.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,368 shares of the company’s stock valued at $379,000 after purchasing an additional 2,124 shares during the last quarter. Pinnacle Associates Ltd. purchased a new position in British American Tobacco in the 3rd quarter worth $300,000. Finally, Financial Advocates Investment Management lifted its stake in British American Tobacco by 4.7% in the third quarter. Financial Advocates Investment Management now owns 20,587 shares of the company’s stock worth $753,000 after purchasing an additional 926 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

BTI stock opened at $38.71 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $38.00 and its two-hundred day moving average price is $37.12. The stock has a market capitalization of $80.26 billion, a price-to-earnings ratio of 7.95 and a beta of 0.53. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74.

British American Tobacco Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is currently 60.57%.

Analyst Upgrades and Downgrades

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

British American Tobacco Company 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.