British American Tobacco p.l.c. (NYSE:BTI) Holdings Lowered by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. cut its stake in British American Tobacco p.l.c. (NYSE:BTI) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after selling 944 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in British American Tobacco were worth $908,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in shares of British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC lifted its holdings in British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after acquiring an additional 206,117 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of British American Tobacco in the 4th quarter worth approximately $31,480,000. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco during the third quarter valued at approximately $28,183,000. Finally, Bridgewater Associates LP acquired a new position in British American Tobacco in the third quarter worth approximately $27,118,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $37.80 on Friday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a 50 day simple moving average of $37.90 and a 200 day simple moving average of $37.04.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be given a $0.7391 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 annualized dividend and a dividend yield of 7.82%.

British American Tobacco Company 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.