Assetmark Inc. Decreases Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Assetmark Inc. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,234 shares of the company’s stock after selling 15,928 shares during the quarter. Assetmark Inc.’s holdings in British American Tobacco were worth $5,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares during the period. Natixis Advisors LLC increased its position in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after buying an additional 206,117 shares during the period. ABC Arbitrage SA purchased a new position in shares of British American Tobacco during the fourth quarter valued at about $31,480,000. Public Employees Retirement System of Ohio purchased a new position in shares of British American Tobacco during the third quarter valued at about $28,183,000. Finally, Bridgewater Associates LP purchased a new position in shares of British American Tobacco during the third quarter valued at about $27,118,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Trading Up 1.7 %

NYSE:BTI opened at $40.86 on Friday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The company’s 50-day simple moving average is $38.43 and its 200 day simple moving average is $37.28. The firm has a market capitalization of $84.74 billion, a P/E ratio of 8.39 and a beta of 0.50.

British American Tobacco Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is presently 60.57%.

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.