XTX Topco Ltd Reduces Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

XTX Topco Ltd decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 78.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,009 shares of the company’s stock after selling 99,687 shares during the period. XTX Topco Ltd’s holdings in British American Tobacco were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BTI. Belpointe Asset Management LLC lifted its stake in shares of British American Tobacco by 6.1% in the 4th quarter. Belpointe Asset Management LLC now owns 40,533 shares of the company’s stock valued at $1,523,000 after purchasing an additional 2,323 shares during the last quarter. Mariner LLC lifted its position in British American Tobacco by 55.5% in the fourth quarter. Mariner LLC now owns 147,944 shares of the company’s stock worth $5,373,000 after buying an additional 52,818 shares during the last quarter. Keystone Financial Group boosted its stake in British American Tobacco by 1.5% during the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company’s stock worth $643,000 after buying an additional 267 shares during the period. TT Capital Management LLC purchased a new stake in shares of British American Tobacco in the fourth quarter valued at $2,159,000. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of British American Tobacco in the 4th quarter worth about $465,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.7 %

NYSE BTI opened at $42.29 on Wednesday. The stock has a market cap of $87.51 billion, a PE ratio of 8.68 and a beta of 0.38. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company’s 50-day moving average price is $40.37 and its 200-day moving average price is $37.90. 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 Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analyst Weigh In

BTI has been the topic of several analyst reports. 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.