Federated Hermes Inc. Decreases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Federated Hermes Inc. cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 93.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,871 shares of the company’s stock after selling 2,162,509 shares during the quarter. Federated Hermes Inc.’s holdings in British American Tobacco were worth $5,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. boosted its stake in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after purchasing an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the 4th quarter worth approximately $27,000. Versant Capital Management Inc purchased a new position in shares of British American Tobacco during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. increased its holdings in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after purchasing an additional 846 shares during the period. Finally, ORG Partners LLC boosted its stake in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 2.4 %

BTI opened at $41.54 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $40.34 and its 200 day simple moving average is $37.83. 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 cap of $86.04 billion, a PE ratio of 8.53 and a beta of 0.38.

British American Tobacco Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is 60.57%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BTI. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

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.