Allspring Global Investments Holdings LLC Trims Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Allspring Global Investments Holdings LLC lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the company’s stock after selling 7,300 shares during the period. Allspring Global Investments Holdings LLC’s holdings in British American Tobacco were worth $179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp increased its position in British American Tobacco by 5.8% during the 3rd quarter. Stifel Financial Corp now owns 554,070 shares of the company’s stock valued at $17,403,000 after buying an additional 30,238 shares in the last quarter. SG Americas Securities LLC raised its position in shares of British American Tobacco by 1,466.5% in the 4th quarter. SG Americas Securities LLC now owns 98,812 shares of the company’s stock worth $2,894,000 after purchasing an additional 92,504 shares during the last quarter. QRG Capital Management Inc. bought a new position in British American Tobacco in the 3rd quarter worth about $4,036,000. Belpointe Asset Management LLC bought a new stake in British American Tobacco during the 3rd quarter valued at about $1,487,000. Finally, ICICI Prudential Asset Management Co Ltd grew its holdings in shares of British American Tobacco by 40.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock valued at $40,834,000 after buying an additional 399,359 shares during the last quarter. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $29.25 on Friday. The company has a 50 day moving average of $29.86 and a 200 day moving average of $30.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $37.44.

British American Tobacco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be paid a $0.7431 dividend. This represents a $2.97 annualized dividend and a dividend yield of 10.16%. The ex-dividend date of this dividend 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.