British American Tobacco p.l.c. (NYSE:BTI) Stake Lowered by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,981 shares of the company’s stock after selling 1,067 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in British American Tobacco were worth $734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in shares of British American Tobacco by 22.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,664 shares of the company’s stock worth $719,000 after buying an additional 3,638 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of British American Tobacco in the third quarter worth approximately $35,770,000. Wealth Enhancement Advisory Services LLC grew its position in British American Tobacco by 145.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 171,791 shares of the company’s stock worth $6,284,000 after purchasing an additional 101,674 shares in the last quarter. GW Henssler & Associates Ltd. raised its position in British American Tobacco by 3.7% during the third quarter. GW Henssler & Associates Ltd. now owns 372,071 shares of the company’s stock valued at $13,610,000 after buying an additional 13,176 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in shares of British American Tobacco by 3,609.1% in the third quarter. Pathway Financial Advisers LLC now owns 57,194 shares of the company’s stock worth $2,092,000 after purchasing an additional 55,652 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

British American Tobacco Price Performance

Shares of BTI stock opened at $38.61 on Wednesday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The stock has a market capitalization of $80.06 billion, a PE ratio of 7.93 and a beta of 0.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock’s fifty day moving average is $37.93 and its 200-day moving average is $37.10.

British American Tobacco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a $0.7391 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 annualized dividend and a yield of 7.66%. British American Tobacco’s dividend payout ratio is currently 60.57%.

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.