Valeo Financial Advisors LLC Cuts Stake in British American Tobacco p.l.c. (NYSE:BTI)

Valeo Financial Advisors LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 37.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,039 shares of the company’s stock after selling 7,088 shares during the period. Valeo Financial Advisors LLC’s holdings in British American Tobacco were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BTI. Almanack Investment Partners LLC. purchased a new position in shares of British American Tobacco in the 3rd quarter valued at $25,000. Sanctuary Wealth Management L.L.C. acquired a new stake in British American Tobacco during the 4th quarter worth $27,000. HBC Financial Services PLLC acquired a new stake in British American Tobacco during the 4th quarter worth $29,000. CoreFirst Bank & Trust boosted its stake in British American Tobacco by 297.1% during the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after purchasing an additional 707 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in British American Tobacco by 170.8% during the 3rd quarter. CENTRAL TRUST Co now owns 864 shares of the company’s stock worth $31,000 after purchasing an additional 545 shares during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $28.62 on Monday. The firm has a fifty day moving average price of $30.13 and a 200 day moving average price of $30.24. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67. British American Tobacco p.l.c. has a 1-year low of $28.35 and a 1-year high of $37.65.

British American Tobacco Dividend Announcement

The firm also recently declared 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. This represents a $2.97 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Friday, December 20th.

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.