GQG Partners LLC Sells 7,697,013 Shares of British American Tobacco p.l.c. (NYSE:BTI)

GQG Partners LLC lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 56.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,007,549 shares of the company's stock after selling 7,697,013 shares during the period. GQG Partners LLC owned approximately 0.29% of British American Tobacco worth $218,194,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Sound View Wealth Advisors Group LLC raised its stake in shares of British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after acquiring an additional 258 shares during the period. Stokes Family Office LLC raised its position in British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock worth $534,000 after purchasing an additional 269 shares during the period. Key Client Fiduciary Advisors LLC lifted its stake in British American Tobacco by 2.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC boosted its position in shares of 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. Finally, Harbour Investments Inc. raised its holdings in shares of British American Tobacco by 17.0% in the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company's stock worth $76,000 after buying an additional 305 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Remove Ads

British American Tobacco Trading Down 1.6 %

BTI traded down $0.67 during trading on Friday, hitting $40.53. 2,770,113 shares of the stock were exchanged, compared to its average volume of 4,563,029. 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 firm has a 50 day simple moving average of $39.86 and a 200 day simple moving average of $37.65. The firm has a market cap of $83.94 billion, a price-to-earnings ratio of 8.32 and a beta of 0.50. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74.

British American Tobacco Dividend Announcement

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 $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's payout ratio is currently 60.57%.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

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.