British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,006 shares of the company’s stock after selling 5,141 shares during the period. Level Four Advisory Services LLC’s holdings in British American Tobacco were worth $363,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on BTI. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Trading Up 2.1 %

NYSE BTI opened at $41.36 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of $85.66 billion, a price-to-earnings ratio of 8.49 and a beta of 0.50. The firm has a 50 day simple moving average of $39.96 and a 200-day simple moving average of $37.65. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74.

British American Tobacco Announces Dividend

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

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.