Personal CFO Solutions LLC Buys 657 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Personal CFO Solutions LLC grew its stake in British American Tobacco p.l.c. (NYSE:BTI) by 9.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,791 shares of the company’s stock after purchasing an additional 657 shares during the quarter. Personal CFO Solutions LLC’s holdings in British American Tobacco were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after buying an additional 280 shares during the period. Golden State Wealth Management LLC grew its position in shares of British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after buying an additional 305 shares during the period. Financial Management Professionals Inc. grew its position in shares of British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after buying an additional 278 shares during the period. Mather Group LLC. grew its position in shares of British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after buying an additional 480 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco in the 4th quarter worth about $26,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $49.12 on Thursday. The firm’s 50 day moving average price is $46.05 and its 200-day moving average price is $41.79. British American Tobacco p.l.c. has a twelve month low of $31.86 and a twelve month high of $50.03. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $101.43 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33.

British American Tobacco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be paid a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTI. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Bank of America initiated coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a “buy” rating on the stock. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.