Geode Capital Management LLC reduced its stake in British American Tobacco (NYSE:BTI) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,985 shares of the company’s stock after selling 2,782 shares during the quarter. Geode Capital Management LLC’s holdings in British American Tobacco were worth $3,018,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Proficio Capital Partners LLC increased its holdings in British American Tobacco by 29.6% in the 4th quarter. Proficio Capital Partners LLC now owns 3,800 shares of the company’s stock worth $255,000 after buying an additional 868 shares during the period. Keystone Financial Planning Inc. increased its holdings in British American Tobacco by 0.7% in the 4th quarter. Keystone Financial Planning Inc. now owns 125,332 shares of the company’s stock worth $8,396,000 after buying an additional 910 shares during the period. Asset Planning Services Inc. LA ADV increased its holdings in British American Tobacco by 1.7% in the 4th quarter. Asset Planning Services Inc. LA ADV now owns 57,790 shares of the company’s stock worth $3,871,000 after buying an additional 950 shares during the period. Synovus Financial Corp grew its stake in shares of British American Tobacco by 12.1% during the 4th quarter. Synovus Financial Corp now owns 8,797 shares of the company’s stock worth $589,000 after purchasing an additional 951 shares during the period. Finally, Advisory Services Network LLC grew its stake in shares of British American Tobacco by 47.8% during the 4th quarter. Advisory Services Network LLC now owns 3,139 shares of the company’s stock worth $210,000 after purchasing an additional 1,015 shares during the period. Institutional investors own 8.87% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Citigroup cut shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $79.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, October 5th will be paid a dividend of $0.6792 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.17%. British American Tobacco’s payout ratio is 54.89%.
TRADEMARK VIOLATION NOTICE: “British American Tobacco (BTI) Shares Sold by Geode Capital Management LLC” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://stocknewstimes.com/2018/04/24/british-american-tobacco-bti-shares-sold-by-geode-capital-management-llc.html.
British American Tobacco Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco (NYSE:BTI).
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.