Wrapmanager Inc. Decreases Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Wrapmanager Inc. lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,113 shares of the company’s stock after selling 2,001 shares during the period. Wrapmanager Inc.’s holdings in British American Tobacco were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in British American Tobacco by 3.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 112,072 shares of the company’s stock worth $3,520,000 after purchasing an additional 3,424 shares in the last quarter. Advisor Partners II LLC raised its holdings in shares of British American Tobacco by 64.7% during the 3rd quarter. Advisor Partners II LLC now owns 18,557 shares of the company’s stock worth $583,000 after acquiring an additional 7,292 shares during the period. Park Avenue Securities LLC boosted its position in shares of British American Tobacco by 10.8% during the 3rd quarter. Park Avenue Securities LLC now owns 36,599 shares of the company’s stock valued at $1,150,000 after acquiring an additional 3,571 shares during the last quarter. Sage Rhino Capital LLC increased its position in British American Tobacco by 7.2% during the third quarter. Sage Rhino Capital LLC now owns 7,102 shares of the company’s stock worth $223,000 after purchasing an additional 476 shares during the last quarter. Finally, Assetmark Inc. raised its stake in British American Tobacco by 11.3% during the third quarter. Assetmark Inc. now owns 275,737 shares of the company’s stock worth $8,661,000 after purchasing an additional 27,952 shares during the period. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

British American Tobacco stock traded up $0.20 during midday trading on Thursday, reaching $30.36. 3,218,472 shares of the stock traded hands, compared to its average volume of 4,892,231. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $35.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. The company has a 50-day simple moving average of $29.78 and a two-hundred day simple moving average of $30.09.

British American Tobacco Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, December 20th. This represents a $2.97 annualized dividend and a yield of 9.79%.

Analyst Upgrades and Downgrades

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

British American Tobacco Company 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.