US Bancorp DE Has $3.80 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

US Bancorp DE boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 19.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 91,804 shares of the company’s stock after buying an additional 15,120 shares during the period. US Bancorp DE’s holdings in British American Tobacco were worth $3,798,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its holdings in British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company’s stock worth $1,401,000 after buying an additional 244 shares during the period. Applied Capital LLC FL grew its stake in shares of British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock worth $963,000 after acquiring an additional 257 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in shares of British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company’s stock worth $691,000 after acquiring an additional 258 shares in the last quarter. Keystone Financial Group grew its stake in shares of British American Tobacco by 1.5% during the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company’s stock worth $643,000 after acquiring an additional 267 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after acquiring an additional 278 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.5%

BTI stock opened at $55.81 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company has a fifty day moving average price of $49.55 and a two-hundred day moving average price of $43.97. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $56.13. The stock has a market cap of $115.12 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 2.18 and a beta of 0.38.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be given a dividend of $0.7391 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend is Friday, June 27th. British American Tobacco’s payout ratio is 64.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Jefferies Financial Group started coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.00.

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.