Causeway Capital Management LLC Has $17.67 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Causeway Capital Management LLC lessened its holdings in British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 472,318 shares of the company’s stock after selling 19,491 shares during the period. Causeway Capital Management LLC’s holdings in British American Tobacco were worth $17,669,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in British American Tobacco in the 3rd quarter worth about $16,416,000. Keudell Morrison Wealth Management lifted its position in shares of British American Tobacco by 18.7% in the third quarter. Keudell Morrison Wealth Management now owns 17,647 shares of the company’s stock worth $623,000 after purchasing an additional 2,783 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of British American Tobacco during the third quarter worth approximately $617,000. Creative Planning grew its position in British American Tobacco by 132.1% during the third quarter. Creative Planning now owns 34,166 shares of the company’s stock valued at $1,205,000 after purchasing an additional 19,444 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in British American Tobacco by 3.6% during the third quarter. Venturi Wealth Management LLC now owns 22,284 shares of the company’s stock valued at $786,000 after purchasing an additional 768 shares in the last quarter. Institutional investors and hedge funds own 13.18% of the company’s stock.

British American Tobacco stock traded up $0.89 during trading hours on Tuesday, reaching $43.64. 175,905 shares of the company were exchanged, compared to its average volume of 3,399,443. British American Tobacco p.l.c. has a 12 month low of $33.62 and a 12 month high of $47.24. The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $42.06 and a 200 day moving average of $40.31.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, December 23rd will be paid a $0.7354 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Thursday, December 22nd.

Several research firms have recently commented on BTI. UBS Group set a GBX 3,600 ($44.38) price target on shares of British American Tobacco in a report on Friday, January 21st. StockNews.com began coverage on British American Tobacco in a research note on Thursday, March 31st. They set a “buy” rating for the company. Royal Bank of Canada cut British American Tobacco to a “sector perform” rating in a research note on Tuesday, February 15th. JPMorgan Chase & Co. upgraded shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 24th. Finally, Zacks Investment Research lowered shares of British American Tobacco from a “hold” rating to a “sell” rating in a research note on Friday, March 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $3,600.00.

British American Tobacco Profile (Get Rating)

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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

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