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

Raymond James & Associates trimmed its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.6% in the first quarter, according to the company in 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 quarter. Raymond James & Associates’ holdings in British American Tobacco were worth $68,221,000 at the end of the most recent reporting period.

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

British American Tobacco Stock Up 0.0 %

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

British American Tobacco Dividend Announcement

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 paid a $0.7431 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.97 annualized dividend and a dividend yield of 9.97%.

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.