British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,038 shares of the company’s stock after selling 9,496 shares during the quarter. Global Retirement Partners LLC’s holdings in British American Tobacco were worth $1,200,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BTI. Creative Planning raised its position in British American Tobacco by 32.9% in the third quarter. Creative Planning now owns 143,916 shares of the company’s stock valued at $5,264,000 after purchasing an additional 35,661 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of British American Tobacco by 22.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,664 shares of the company’s stock worth $719,000 after purchasing an additional 3,638 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in British American Tobacco by 4.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,459 shares of the company’s stock valued at $419,000 after buying an additional 514 shares during the period. Greenleaf Trust lifted its position in British American Tobacco by 1.8% in the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after buying an additional 376 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in British American Tobacco during the third quarter worth about $35,770,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $37.80 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The business has a 50-day moving average of $37.90 and a 200 day moving average of $37.04. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a $0.7391 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend is Tuesday, December 30th.

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.