Wintergreen Advisers LLC lowered its holdings in British American Tobacco PLC (NYSE:BTI) by 74.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 248,333 shares of the company’s stock after selling 736,847 shares during the quarter. British American Tobacco comprises approximately 10.3% of Wintergreen Advisers LLC’s holdings, making the stock its 4th biggest holding. Wintergreen Advisers LLC’s holdings in British American Tobacco were worth $16,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTI. FNY Managed Accounts LLC acquired a new position in shares of British American Tobacco in the 4th quarter valued at approximately $100,000. BB&T Investment Services Inc. raised its position in shares of British American Tobacco by 625.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock valued at $101,000 after buying an additional 1,395 shares in the last quarter. Krilogy Financial LLC acquired a new position in shares of British American Tobacco in the 3rd quarter valued at approximately $106,000. Asset Management One Co. Ltd. acquired a new position in shares of British American Tobacco in the 3rd quarter valued at approximately $109,000. Finally, Manchester Capital Management LLC acquired a new position in shares of British American Tobacco in the 3rd quarter valued at approximately $113,000. 9.09% of the stock is owned by hedge funds and other institutional investors.

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BTI has been the subject of several analyst reports. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Thursday, January 25th. Citigroup cut shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 28th. Finally, Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the company a “buy” rating in a research report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.00.

British American Tobacco PLC (BTI) opened at $59.18 on Wednesday. British American Tobacco PLC has a 12-month low of $57.97 and a 12-month high of $73.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.52.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, October 5th will be given a dividend of $0.6792 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, October 4th.

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British American Tobacco Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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