Envestnet Asset Management Inc. Lowers Position in British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Asset Management Inc. decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 38.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,404,552 shares of the company’s stock after selling 882,760 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of British American Tobacco worth $51,013,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Sound View Wealth Advisors Group LLC lifted its holdings in British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock valued at $323,000 after purchasing an additional 258 shares in the last quarter. Stokes Family Office LLC raised its position in shares of British American Tobacco by 1.9% during the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock valued at $534,000 after purchasing an additional 269 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in shares of British American Tobacco by 2.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after acquiring an additional 295 shares in the last quarter. ORG Partners LLC boosted its stake in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of British American Tobacco by 17.0% during the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company’s stock worth $76,000 after purchasing an additional 305 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

NYSE BTI opened at $40.61 on Friday. The company has a market cap of $84.11 billion, a P/E ratio of 8.34 and a beta of 0.38. The business’s 50 day moving average price is $40.32 and its 200-day moving average price is $37.81. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76.

British American Tobacco Dividend Announcement

The company also recently declared 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 is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

Analyst Upgrades and Downgrades

Several research analysts have commented on BTI shares. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note 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.