GQG Partners LLC Decreases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

GQG Partners LLC decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 56.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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’s holdings in British American Tobacco were worth $218,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC increased its position in shares of British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock worth $323,000 after acquiring an additional 258 shares during the last quarter. Stokes Family Office LLC increased its holdings in British American Tobacco by 1.9% during 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 last quarter. Key Client Fiduciary Advisors LLC raised its position in shares of British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after purchasing an additional 295 shares in the last quarter. ORG Partners LLC boosted its stake in shares of British American Tobacco by 35.1% during the 4th 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 last quarter. Finally, Harbour Investments Inc. increased its stake 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 last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.1 %

British American Tobacco stock opened at $40.85 on Tuesday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The firm’s 50-day moving average is $39.47 and its 200-day moving average is $37.59. 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 company has a market cap of $84.62 billion, a P/E ratio of 8.39 and a beta of 0.50.

British American Tobacco Dividend Announcement

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

Analyst Ratings Changes

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

About British American Tobacco

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.