Titleist Asset Management LLC Sells 4,249 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Titleist Asset Management LLC cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 19.5% in the fourth quarter, HoldingsChannel reports. The firm owned 17,547 shares of the company’s stock after selling 4,249 shares during the period. Titleist Asset Management LLC’s holdings in British American Tobacco were worth $637,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of British American Tobacco by 1.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock valued at $17,922,000 after acquiring an additional 7,875 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in British American Tobacco by 24.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock valued at $221,343,000 after purchasing an additional 1,196,020 shares during the period. Cove Street Capital LLC bought a new stake in shares of British American Tobacco in the 4th quarter valued at about $1,050,000. SG Americas Securities LLC lifted its position in shares of British American Tobacco by 45.3% in the 4th 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. Finally, QRG Capital Management Inc. boosted its stake in shares of British American Tobacco by 9.8% during the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 4.6 %

NYSE BTI opened at $39.99 on Monday. The firm has a market cap of $82.84 billion, a PE ratio of 8.21 and a beta of 0.38. 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 quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average price of $40.27 and a 200 day moving average price of $37.72.

British American Tobacco Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be issued 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 presently 60.57%.

Analyst Upgrades and Downgrades

BTI has been the subject of a number of recent research reports. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

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.