British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,982 shares of the company’s stock after selling 1,361 shares during the period. Meritage Portfolio Management’s holdings in British American Tobacco were worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after acquiring an additional 710 shares during the last quarter. HBC Financial Services PLLC purchased a new stake in shares of British American Tobacco during the 4th quarter worth $29,000. CoreFirst Bank & Trust increased its holdings in British American Tobacco by 297.1% in the third quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock valued at $30,000 after buying an additional 707 shares during the last quarter. FSC Wealth Advisors LLC raised its stake in British American Tobacco by 82.6% in the third quarter. FSC Wealth Advisors LLC now owns 1,083 shares of the company’s stock valued at $34,000 after buying an additional 490 shares in the last quarter. Finally, Central Bank & Trust Co. acquired a new position in shares of British American Tobacco during the 4th quarter worth about $34,000. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 0.3 %

BTI stock traded down $0.09 during trading on Thursday, hitting $29.40. 5,628,795 shares of the company’s stock were exchanged, compared to its average volume of 5,001,519. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $37.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. The business has a 50-day moving average price of $29.91 and a two-hundred day moving average price of $30.14.

British American Tobacco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a $0.7431 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date of this dividend is Friday, December 20th.

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.