Excalibur Management Corp Sells 430 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Excalibur Management Corp trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,791 shares of the company’s stock after selling 430 shares during the period. Excalibur Management Corp’s holdings in British American Tobacco were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew its stake in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of British American Tobacco by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company’s stock valued at $109,348,000 after buying an additional 137,231 shares during the period. Raymond James Financial Inc. bought a new stake in shares of British American Tobacco in the fourth quarter valued at about $55,620,000. First Eagle Investment Management LLC lifted its stake in British American Tobacco by 13.0% in the fourth quarter. First Eagle Investment Management LLC now owns 967,976 shares of the company’s stock worth $35,157,000 after acquiring an additional 111,033 shares during the period. Finally, ABC Arbitrage SA purchased a new position in British American Tobacco during the 4th quarter valued at about $31,480,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

Shares of BTI opened at $40.72 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company has a 50 day moving average of $39.57 and a two-hundred day moving average of $37.60. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The company has a market cap of $84.35 billion, a price-to-earnings ratio of 8.36 and a beta of 0.50.

British American Tobacco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BTI shares. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

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.