Truist Financial Corp Sells 127,247 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Truist Financial Corp decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515,828 shares of the company's stock after selling 127,247 shares during the period. Truist Financial Corp's holdings in British American Tobacco were worth $15,109,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of British American Tobacco by 3.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 112,072 shares of the company's stock worth $3,520,000 after acquiring an additional 3,424 shares during the period. Pinnacle Associates Ltd. acquired a new stake in British American Tobacco during the third quarter valued at approximately $254,000. FSC Wealth Advisors LLC grew its stake in shares of British American Tobacco by 82.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 1,083 shares of the company's stock valued at $34,000 after purchasing an additional 490 shares during the period. Raymond James & Associates raised its holdings in shares of British American Tobacco by 6.0% in the 3rd quarter. Raymond James & Associates now owns 2,663,175 shares of the company's stock worth $83,650,000 after buying an additional 150,643 shares in the last quarter. Finally, Avaii Wealth Management LLC bought a new position in shares of British American Tobacco during the 3rd quarter worth approximately $200,000. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

BTI stock remained flat at $29.42 during trading on Wednesday. 2,506,621 shares of the company traded hands, compared to its average volume of 5,022,366. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $29.80 and a 200 day moving average of $30.10. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $36.65.

British American Tobacco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be issued a $0.7431 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.97 annualized dividend and a dividend yield of 10.10%.

British American Tobacco 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.