British American Tobacco (BTI) Shares Sold by Sawtooth Solutions LLC

Sawtooth Solutions LLC cut its stake in British American Tobacco (NYSE:BTI) by 47.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,186 shares of the company’s stock after selling 4,634 shares during the period. Sawtooth Solutions LLC’s holdings in British American Tobacco were worth $299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in shares of British American Tobacco during the fourth quarter valued at approximately $100,000. We Are One Seven LLC bought a new position in shares of British American Tobacco during the fourth quarter valued at approximately $114,000. Delpha Capital Management LLC bought a new position in shares of British American Tobacco during the fourth quarter valued at approximately $116,000. Prime Capital Investment Advisors LLC bought a new position in shares of British American Tobacco during the fourth quarter valued at approximately $141,000. Finally, Trustcore Financial Services LLC bought a new position in shares of British American Tobacco during the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 8.77% of the company’s stock.

BTI has been the subject of a number of analyst reports. Citigroup downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th. Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Piper Jaffray downgraded shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. British American Tobacco has a consensus rating of “Buy” and an average target price of $79.00.

Shares of NYSE BTI opened at $51.68 on Thursday. British American Tobacco has a fifty-two week low of $51.52 and a fifty-two week high of $51.92. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, October 5th will be paid a dividend of $0.6792 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Thursday, October 4th. British American Tobacco’s dividend payout ratio is 54.62%.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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