British American Tobacco (BTI) Shares Sold by Geode Capital Management LLC

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.

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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.



Shares of NYSE BTI opened at $52.54 on Tuesday. The company has a market cap of $110,321.55, a PE ratio of 14.28, a PEG ratio of 1.49 and a beta of 1.06. British American Tobacco has a 12 month low of $50.82 and a 12 month high of $73.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 0.90.

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%.

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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.

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

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