Investment Management Associates Inc. ADV Sells 21,165 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Investment Management Associates Inc. ADV trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,517 shares of the company’s stock after selling 21,165 shares during the quarter. British American Tobacco makes up about 9.7% of Investment Management Associates Inc. ADV’s holdings, making the stock its 3rd biggest position. Investment Management Associates Inc. ADV’s holdings in British American Tobacco were worth $22,247,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BTI. Versant Capital Management Inc acquired a new position in British American Tobacco in the 4th quarter valued at $34,000. ORG Partners LLC grew its stake in shares of British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the period. Kieckhefer Group LLC acquired a new position in shares of British American Tobacco during the 4th quarter worth $44,000. Creative Financial Designs Inc. ADV grew its stake in shares of British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after purchasing an additional 753 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.4 %

British American Tobacco stock opened at $38.57 on Friday. The stock has a 50-day moving average price of $37.89 and a 200 day moving average price of $37.02. 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 current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

British American Tobacco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be given a dividend of $0.7391 per share. This represents a $2.96 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Tuesday, December 30th.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

About British American Tobacco

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.