British American Tobacco (NYSE:BTI) Sees Large Volume Increase

Shares of British American Tobacco p.l.c. (NYSE:BTI) saw unusually-strong trading volume on Wednesday . Approximately 2,359,938 shares traded hands during mid-day trading, a decline of 51% from the previous session’s volume of 4,831,645 shares.The stock last traded at $29.10 and had previously closed at $29.85.

British American Tobacco Trading Down 0.2 %

The company has a market capitalization of $71.51 billion, a P/E ratio of 6.03, a P/E/G ratio of 1.24 and a beta of 0.53. The stock’s 50 day moving average is $30.15 and its 200-day moving average is $30.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59.

British American Tobacco Dividend Announcement

The business 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 $0.7431 dividend. This represents a $2.97 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date is Friday, December 20th. British American Tobacco’s payout ratio is currently 60.66%.

Hedge Funds Weigh In On British American Tobacco

A number of institutional investors have recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC raised its stake in British American Tobacco by 2.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 12,608 shares of the company’s stock worth $396,000 after buying an additional 327 shares in the last quarter. Rhumbline Advisers grew its holdings in British American Tobacco by 27.7% in the third quarter. Rhumbline Advisers now owns 1,521 shares of the company’s stock worth $48,000 after purchasing an additional 330 shares during the period. Intrust Bank NA grew its holdings in British American Tobacco by 3.5% in the fourth quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock worth $332,000 after purchasing an additional 380 shares during the period. Atria Wealth Solutions Inc. grew its holdings in British American Tobacco by 1.6% in the third quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company’s stock worth $759,000 after purchasing an additional 382 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in British American Tobacco by 7.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,883 shares of the company’s stock worth $195,000 after purchasing an additional 432 shares during the period. 21.44% of the stock is owned by institutional investors.

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.