Avidian Wealth Solutions LLC Reduces Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Avidian Wealth Solutions LLC reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 7.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,826 shares of the company’s stock after selling 1,055 shares during the period. Avidian Wealth Solutions LLC’s holdings in British American Tobacco were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BTI. Envestnet Asset Management Inc. boosted its stake in shares of British American Tobacco by 34.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company’s stock worth $80,670,000 after purchasing an additional 650,979 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of British American Tobacco by 39.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,115,007 shares of the company’s stock worth $66,432,000 after purchasing an additional 593,035 shares during the period. Natixis Advisors L.P. boosted its stake in shares of British American Tobacco by 15.2% during the 4th quarter. Natixis Advisors L.P. now owns 2,099,969 shares of the company’s stock worth $61,508,000 after purchasing an additional 276,890 shares during the period. Pacer Advisors Inc. boosted its stake in shares of British American Tobacco by 24.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,845,788 shares of the company’s stock worth $54,063,000 after purchasing an additional 366,692 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of British American Tobacco by 3.4% during the 3rd quarter. Royal Bank of Canada now owns 1,829,619 shares of the company’s stock worth $57,468,000 after purchasing an additional 59,579 shares during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.4 %

Shares of BTI stock traded up $0.13 during trading hours on Monday, reaching $29.94. 1,691,155 shares of the stock were exchanged, compared to its average volume of 4,932,119. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $35.85. 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 company’s 50-day moving average price is $29.78 and its 200-day moving average price is $30.09.

British American Tobacco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be paid 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 9.93%.

British American Tobacco 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.