British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 52.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,942 shares of the company’s stock after selling 165,529 shares during the quarter. Truist Financial Corp’s holdings in British American Tobacco were worth $5,519,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BTI shares. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

British American Tobacco Price Performance

British American Tobacco stock opened at $37.80 on Friday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The stock has a market capitalization of $78.38 billion, a P/E ratio of 7.76 and a beta of 0.53. The firm’s 50-day moving average is $37.90 and its two-hundred day moving average is $37.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be paid a dividend of $0.7391 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 annualized dividend and a dividend yield of 7.82%. British American Tobacco’s dividend payout ratio is currently 59.14%.

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.