Federated Hermes Inc. Has $5.52 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

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

Several other institutional investors and hedge funds also recently made changes to their positions in BTI. SRS Capital Advisors Inc. increased its stake in shares of British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after buying an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in British American Tobacco in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc bought a new position in British American Tobacco during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. lifted its position in shares of British American Tobacco by 334.4% in the 4th 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 shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Remove Ads

British American Tobacco Trading Up 0.7 %

Shares of NYSE:BTI traded up $0.28 during mid-day trading on Tuesday, hitting $42.29. The company had a trading volume of 4,729,982 shares, compared to its average volume of 4,673,874. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The firm has a fifty day moving average price of $40.36 and a 200 day moving average price of $37.87. The company has a market capitalization of $87.51 billion, a PE ratio of 8.68 and a beta of 0.38.

British American Tobacco Announces Dividend

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

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent analyst reports. 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 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.