TT Capital Management LLC Sells 279 Shares of British American Tobacco p.l.c. (NYSE:BTI)

TT Capital Management LLC lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.5% during the first quarter, HoldingsChannel.com reports. The fund owned 59,790 shares of the company’s stock after selling 279 shares during the quarter. British American Tobacco accounts for about 2.1% of TT Capital Management LLC’s holdings, making the stock its 12th biggest position. TT Capital Management LLC’s holdings in British American Tobacco were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of British American Tobacco by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,073 shares of the company’s stock valued at $770,000 after buying an additional 1,409 shares during the period. Rhumbline Advisers raised its stake in British American Tobacco by 7.9% during the 4th quarter. Rhumbline Advisers now owns 5,458 shares of the company’s stock worth $198,000 after buying an additional 400 shares during the period. Allworth Financial LP raised its stake in British American Tobacco by 86.3% during the 4th quarter. Allworth Financial LP now owns 4,997 shares of the company’s stock worth $183,000 after buying an additional 2,315 shares during the period. Sanctuary Advisors LLC raised its stake in British American Tobacco by 10.3% during the 4th quarter. Sanctuary Advisors LLC now owns 96,430 shares of the company’s stock worth $3,826,000 after buying an additional 8,983 shares during the period. Finally, D.A. Davidson & CO. raised its stake in British American Tobacco by 5.0% during the 4th quarter. D.A. Davidson & CO. now owns 47,728 shares of the company’s stock worth $1,734,000 after buying an additional 2,257 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America initiated coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $48.85 on Friday. The company has a market cap of $100.88 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 4.11 and a beta of 0.31. British American Tobacco p.l.c. has a 52 week low of $30.81 and a 52 week high of $49.58. The business has a 50 day moving average price of $44.61 and a 200-day moving average price of $40.86. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be paid a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is presently 65.09%.

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.