Federated Hermes Inc. Sells 595,484 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Federated Hermes Inc. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,739,160 shares of the company’s stock after selling 595,484 shares during the quarter. Federated Hermes Inc.’s holdings in British American Tobacco were worth $80,230,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new stake in shares of British American Tobacco during the third quarter worth $25,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of British American Tobacco during the fourth quarter worth $27,000. HBC Financial Services PLLC bought a new stake in shares of British American Tobacco during the fourth quarter worth $29,000. CoreFirst Bank & Trust grew its stake in shares of British American Tobacco by 297.1% during the third quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after buying an additional 707 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of British American Tobacco by 170.8% during the third quarter. CENTRAL TRUST Co now owns 864 shares of the company’s stock worth $31,000 after buying an additional 545 shares during the last quarter. 21.44% of the stock is owned by institutional investors.

British American Tobacco Trading Up 0.8 %

NYSE BTI opened at $28.82 on Friday. The firm’s fifty day moving average price is $30.01 and its two-hundred day moving average price is $30.17. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $37.65.

British American Tobacco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.7431 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a dividend yield of 10.31%.

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.