Kestra Private Wealth Services LLC Cuts Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Kestra Private Wealth Services LLC cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,849 shares of the company’s stock after selling 2,592 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in British American Tobacco were worth $464,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BTI. Altrius Capital Management Inc grew its holdings in shares of British American Tobacco by 11.6% in the fourth quarter. Altrius Capital Management Inc now owns 209,811 shares of the company’s stock valued at $6,145,000 after acquiring an additional 21,817 shares in the last quarter. Intrust Bank NA increased its holdings in British American Tobacco by 3.5% during the fourth quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock worth $332,000 after buying an additional 380 shares during the last quarter. Avaii Wealth Management LLC boosted its stake in British American Tobacco by 61.8% in the fourth quarter. Avaii Wealth Management LLC now owns 10,315 shares of the company’s stock valued at $302,000 after acquiring an additional 3,939 shares during the last quarter. Silver Oak Securities Incorporated grew its position in shares of British American Tobacco by 9.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 10,693 shares of the company’s stock valued at $313,000 after acquiring an additional 965 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after purchasing an additional 550 shares during the last quarter. 21.44% of the stock is owned by institutional investors.

British American Tobacco Trading Up 0.5 %

Shares of NYSE:BTI opened at $29.95 on Tuesday. The company has a 50-day moving average price of $29.77 and a two-hundred day moving average price of $30.09. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $35.85. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be paid a $0.7431 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a yield of 9.93%.

Wall Street Analysts Forecast Growth

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

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.