Raymond James & Associates Sells 185,108 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Raymond James & Associates trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,236,759 shares of the company’s stock after selling 185,108 shares during the period. Raymond James & Associates owned approximately 0.10% of British American Tobacco worth $68,221,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Heritage Wealth Advisors bought a new stake in British American Tobacco in the 4th quarter valued at $26,000. Parkside Financial Bank & Trust raised its holdings in British American Tobacco by 308.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock valued at $28,000 after acquiring an additional 710 shares in the last quarter. CoreFirst Bank & Trust grew its holdings in shares of British American Tobacco by 297.1% during the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after purchasing an additional 707 shares in the last quarter. HBC Financial Services PLLC bought a new stake in shares of British American Tobacco during the fourth quarter valued at approximately $29,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

BTI traded up $0.01 during trading on Friday, reaching $29.81. 2,426,573 shares of the company’s stock were exchanged, compared to its average volume of 5,424,051. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $35.92. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $29.78 and a 200 day moving average price of $30.10.

British American Tobacco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a $0.7431 dividend. This represents a $2.97 annualized dividend and a yield of 9.97%. The ex-dividend date is Friday, December 20th.

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.