Federated Hermes Inc. Decreases Position in British American Tobacco p.l.c. (NYSE:BTI)

Federated Hermes Inc. reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 93.4% during the fourth quarter, according to 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 quarter. Federated Hermes Inc.’s holdings in British American Tobacco were worth $5,516,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BTI. O Shaughnessy Asset Management LLC increased its stake in British American Tobacco by 1.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock worth $17,922,000 after purchasing an additional 7,875 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock worth $221,343,000 after buying an additional 1,196,020 shares during the period. Cove Street Capital LLC bought a new stake in British American Tobacco during the 4th quarter valued at $1,050,000. SG Americas Securities LLC boosted its position in British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after buying an additional 14,432 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in British American Tobacco by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock worth $7,121,000 after acquiring an additional 17,478 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 2.4 %

Shares of NYSE BTI opened at $41.54 on Friday. The firm has a fifty day simple moving average of $40.34 and a two-hundred day simple moving average of $37.83. The firm has a market capitalization of $86.04 billion, a PE ratio of 8.53 and a beta of 0.38. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. 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 Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders 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 dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

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

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.