British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 66.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,096 shares of the company’s stock after selling 15,939 shares during the quarter. Verdence Capital Advisors LLC’s holdings in British American Tobacco were worth $237,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dupree Financial Group LLC purchased a new position in British American Tobacco in the fourth quarter worth approximately $7,761,000. HF Advisory Group LLC grew its stake in shares of British American Tobacco by 8.5% during the fourth quarter. HF Advisory Group LLC now owns 35,528 shares of the company’s stock worth $1,041,000 after purchasing an additional 2,772 shares in the last quarter. Rakuten Securities Inc. purchased a new position in British American Tobacco in the fourth quarter valued at $587,000. Koshinski Asset Management Inc. acquired a new stake in British American Tobacco in the fourth quarter valued at $281,000. Finally, NewEdge Wealth LLC boosted its position in shares of British American Tobacco by 6.6% during the 4th quarter. NewEdge Wealth LLC now owns 29,361 shares of the company’s stock worth $860,000 after acquiring an additional 1,806 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $29.56 on Wednesday. The stock’s 50-day simple moving average is $29.92 and its 200-day simple moving average is $30.15. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $37.65. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.7431 per share. The ex-dividend date is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a yield of 10.06%.

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.