Truist Financial Corp Trims Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Truist Financial Corp decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 52.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,942 shares of the company’s stock after selling 165,529 shares during the quarter. Truist Financial Corp’s holdings in British American Tobacco were worth $5,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its position in British American Tobacco by 10.3% in the 4th quarter. Sanctuary Advisors LLC now owns 96,430 shares of the company’s stock valued at $3,826,000 after purchasing an additional 8,983 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in British American Tobacco by 14.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 8,024 shares of the company’s stock valued at $291,000 after purchasing an additional 1,000 shares during the last quarter. Allworth Financial LP raised its position in British American Tobacco by 86.3% in the 4th quarter. Allworth Financial LP now owns 4,997 shares of the company’s stock valued at $183,000 after purchasing an additional 2,315 shares during the last quarter. Principal Securities Inc. raised its position in British American Tobacco by 195.0% in the 4th quarter. Principal Securities Inc. now owns 26,730 shares of the company’s stock valued at $971,000 after purchasing an additional 17,669 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in British American Tobacco by 7.9% in the 4th quarter. Rhumbline Advisers now owns 5,458 shares of the company’s stock valued at $198,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI opened at $37.80 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The stock has a market capitalization of $78.38 billion, a P/E ratio of 7.76 and a beta of 0.53. The company’s fifty day moving average is $37.90 and its two-hundred day moving average is $37.05.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be paid a dividend of $0.7391 per share. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.82%. British American Tobacco’s dividend payout ratio (DPR) is presently 59.14%.

Analyst Ratings Changes

Several equities analysts have issued reports on BTI shares. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

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.