Federated Hermes Inc. Sells 595,484 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Federated Hermes Inc. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,739,160 shares of the company's stock after selling 595,484 shares during the quarter. Federated Hermes Inc. owned approximately 0.14% of British American Tobacco worth $80,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of British American Tobacco by 90.8% in the 1st quarter. BlackRock Inc. now owns 11,558,458 shares of the company's stock valued at $405,933,000 after acquiring an additional 5,501,775 shares during the last quarter. Capital International Investors increased its holdings in shares of British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company's stock valued at $400,788,000 after acquiring an additional 1,060,090 shares during the last quarter. Bank of America Corp DE grew its stake in British American Tobacco by 7.1% during the 1st quarter. Bank of America Corp DE now owns 7,008,085 shares of the company's stock worth $246,124,000 after buying an additional 464,946 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in British American Tobacco by 8.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,311,628 shares of the company's stock worth $181,778,000 after buying an additional 340,040 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in British American Tobacco by 1.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,661,558 shares of the company's stock worth $128,594,000 after buying an additional 64,984 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Stock Up 0.8 %

BTI traded up $0.23 during trading on Friday, reaching $29.05. 5,577,604 shares of the company were exchanged, compared to its average volume of 4,977,327. The firm has a 50 day moving average of $29.97 and a 200 day moving average of $30.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $37.65.

British American Tobacco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be paid a dividend of $0.7431 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a yield of 10.23%.

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.