Kestra Private Wealth Services LLC Cuts Position in British American Tobacco p.l.c. (NYSE:BTI)

Kestra Private Wealth Services LLC lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.1% in the 4th quarter, HoldingsChannel reports. The fund owned 15,849 shares of the company’s stock after selling 2,592 shares during the period. Kestra Private Wealth Services LLC’s holdings in British American Tobacco were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BTI. Intrust Bank NA boosted 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 valued at $332,000 after buying an additional 380 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in 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 acquiring an additional 382 shares in the last quarter. Kennon Green & Company LLC increased 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 worth $5,446,000 after purchasing an additional 450 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of British American Tobacco by 7.2% in the 3rd quarter. Sage Rhino Capital LLC now owns 7,102 shares of the company’s stock valued at $223,000 after purchasing an additional 476 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of British American Tobacco by 0.9% in the 3rd quarter. Moors & Cabot Inc. now owns 54,033 shares of the company’s stock valued at $1,697,000 after purchasing an additional 477 shares during the period. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday.

British American Tobacco Price Performance

NYSE BTI opened at $29.95 on Tuesday. The firm’s fifty day moving average is $29.77 and its two-hundred day moving average is $30.09. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $35.85. 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 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 given a $0.7431 dividend. This represents a $2.97 annualized dividend and a yield of 9.93%. The ex-dividend date of this dividend is Friday, December 20th.

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.