Wealth Alliance Has $222,000 Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Wealth Alliance cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,122 shares of the company’s stock after selling 16,657 shares during the period. Wealth Alliance’s holdings in British American Tobacco were worth $222,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares in the last quarter. SG Americas Securities LLC boosted its stake in British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after purchasing an additional 14,432 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after purchasing an additional 26,863 shares during the last quarter. Cerity Partners LLC increased its stake in shares of British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $37.80 on Friday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The business has a 50-day moving average price of $37.90 and a two-hundred day moving average price of $37.05. 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 stock has a market capitalization of $78.38 billion, a P/E ratio of 7.76 and a beta of 0.53.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be paid a $0.7391 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a yield of 7.82%. British American Tobacco’s payout ratio is presently 59.14%.

British American Tobacco 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.