British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,113 shares of the company’s stock after selling 2,001 shares during the quarter. Wrapmanager Inc.’s holdings in British American Tobacco were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in British American Tobacco by 34.0% during the third 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 in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in British American Tobacco by 39.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,115,007 shares of the company’s stock valued at $66,432,000 after buying an additional 593,035 shares in the last quarter. Natixis Advisors L.P. grew its holdings in British American Tobacco by 15.2% during the fourth quarter. Natixis Advisors L.P. now owns 2,099,969 shares of the company’s stock worth $61,508,000 after acquiring an additional 276,890 shares during the period. Pacer Advisors Inc. lifted its holdings in British American Tobacco by 24.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,845,788 shares of the company’s stock valued at $54,063,000 after acquiring an additional 366,692 shares during the last quarter. Finally, Royal Bank of Canada boosted its position 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 valued at $57,468,000 after purchasing an additional 59,579 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of NYSE BTI traded up $0.20 during mid-day trading on Thursday, hitting $30.36. 3,218,472 shares of the company traded hands, compared to its average volume of 4,892,231. The business has a 50 day moving average of $29.78 and a two-hundred day moving average of $30.09. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $35.38. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67.

British American Tobacco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be issued a $0.7431 dividend. This represents a $2.97 annualized dividend and a dividend yield of 9.79%. The ex-dividend date of this dividend is Friday, December 20th.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday.

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.