Geneos Wealth Management Inc. Trims Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Geneos Wealth Management Inc. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,239 shares of the company’s stock after selling 617 shares during the quarter. Geneos Wealth Management Inc.’s holdings in British American Tobacco were worth $95,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in British American Tobacco by 90.8% during the 1st quarter. BlackRock Inc. now owns 11,558,458 shares of the company’s stock worth $405,933,000 after purchasing an additional 5,501,775 shares in the last quarter. Capital International Investors increased its position in British American Tobacco by 12.6% during the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock worth $400,788,000 after purchasing an additional 1,060,090 shares in the last quarter. Goldman Sachs Group Inc. grew its position in British American Tobacco by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,092,643 shares of the company’s stock valued at $88,226,000 after acquiring an additional 710,867 shares in the last quarter. Envestnet Asset Management Inc. grew its position in British American Tobacco by 34.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company’s stock valued at $80,670,000 after acquiring an additional 650,979 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in British American Tobacco by 39.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,115,007 shares of the company’s stock valued at $66,432,000 after acquiring an additional 593,035 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $28.50 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. British American Tobacco p.l.c. has a 52-week low of $28.35 and a 52-week high of $37.65. The company has a 50 day moving average of $30.10 and a two-hundred day moving average of $30.22.

British American Tobacco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be given a $0.7431 dividend. This represents a $2.97 annualized dividend and a yield of 10.43%. The ex-dividend date of this dividend is Friday, December 20th.

About British American Tobacco

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.