Raymond James & Associates Decreases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Raymond James & Associates reduced its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,236,759 shares of the company's stock after selling 185,108 shares during the period. Raymond James & Associates owned 0.10% of British American Tobacco worth $68,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Intrust Bank NA raised its holdings in shares of British American Tobacco by 3.5% in the 4th quarter. Intrust Bank NA now owns 11,347 shares of the company's stock worth $332,000 after acquiring an additional 380 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of British American Tobacco by 1.6% in the third quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company's stock valued at $759,000 after purchasing an additional 382 shares in the last quarter. Kennon Green & Company LLC boosted its position in shares of British American Tobacco by 0.3% during the third quarter. Kennon Green & Company LLC now owns 173,375 shares of the company's stock valued at $5,446,000 after buying an additional 450 shares during the last quarter. Moody National Bank Trust Division raised its position in British American Tobacco by 6.3% in the 1st quarter. Moody National Bank Trust Division now owns 7,802 shares of the company's stock valued at $238,000 after buying an additional 465 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its stake in British American Tobacco by 7.2% during the 3rd quarter. Sage Rhino Capital LLC now owns 7,102 shares of the company's stock valued at $223,000 after acquiring an additional 476 shares in the last quarter. Institutional investors own 21.44% of the company's stock.

British American Tobacco Price Performance

British American Tobacco stock traded up $0.01 during mid-day trading on Friday, reaching $29.81. 2,426,573 shares of the company's stock were exchanged, compared to its average volume of 5,424,051. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. The business's fifty day simple moving average is $29.78 and its 200 day simple moving average is $30.10. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $35.92.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors 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 dividend on an annualized basis and a dividend yield of 9.97%.

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.