FNY Investment Advisers LLC Sells 13,360 Shares of British American Tobacco p.l.c. $BTI

FNY Investment Advisers LLC lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 27.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,500 shares of the company’s stock after selling 13,360 shares during the quarter. FNY Investment Advisers LLC’s holdings in British American Tobacco were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTI. AQR Capital Management LLC increased its holdings in British American Tobacco by 35.2% during the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after acquiring an additional 7,270 shares during the period. Sivia Capital Partners LLC lifted its position in British American Tobacco by 42.5% during the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after purchasing an additional 2,521 shares during the last quarter. Creative Planning grew its position in British American Tobacco by 15.0% in the second quarter. Creative Planning now owns 206,866 shares of the company’s stock worth $9,791,000 after acquiring an additional 27,045 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of British American Tobacco by 44.6% in the 2nd quarter. Cetera Investment Advisers now owns 290,114 shares of the company’s stock worth $13,731,000 after purchasing an additional 89,525 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in British American Tobacco by 17.1% in the second quarter. Avantax Advisory Services Inc. now owns 81,598 shares of the company’s stock worth $3,862,000 after buying an additional 11,934 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Weiss Ratings upgraded shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Kepler Capital Markets assumed coverage on British American Tobacco in a report on Friday, December 12th. They set a “buy” rating on the stock. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Eight analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of BTI opened at $58.03 on Thursday. British American Tobacco p.l.c. has a twelve month low of $37.96 and a twelve month high of $63.22. The firm has a 50 day moving average of $59.70 and a 200 day moving average of $56.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be issued a $0.8349 dividend. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.8%.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.