British American Tobacco p.l.c. (NYSE:BTI) Position Lowered by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 944 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in British American Tobacco were worth $908,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BTI. Oppenheimer Asset Management Inc. lifted its stake in British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after purchasing an additional 54,555 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of British American Tobacco by 45.3% during 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after buying an additional 26,863 shares during the period. Cerity Partners LLC grew its position in shares of British American Tobacco by 89.6% during the 3rd 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after acquiring an additional 554,491 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 2.0 %

British American Tobacco stock opened at $37.80 on Friday. The firm has a 50-day moving average price of $37.90 and a two-hundred day moving average price of $37.04. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week 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.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a $0.7391 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date is Tuesday, December 30th.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note 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.

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.