M&T Bank Corp Has $774,000 Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

M&T Bank Corp cut its stake in British American Tobacco p.l.c. (NYSE:BTI) by 51.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,424 shares of the company’s stock after selling 28,475 shares during the period. M&T Bank Corp’s holdings in British American Tobacco were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of British American Tobacco by 34.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company’s stock worth $80,670,000 after acquiring an additional 650,979 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in British American Tobacco by 39.0% in the 3rd 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 during the period. Natixis Advisors L.P. lifted its position in British American Tobacco by 39.0% during the third quarter. Natixis Advisors L.P. now owns 1,823,079 shares of the company’s stock worth $57,263,000 after acquiring an additional 511,926 shares during the last quarter. FMR LLC grew its position in shares of British American Tobacco by 40.7% in the third quarter. FMR LLC now owns 1,497,162 shares of the company’s stock valued at $47,026,000 after purchasing an additional 433,252 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd grew its holdings in British American Tobacco by 40.1% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock valued at $40,834,000 after buying an additional 399,359 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Trading Up 1.0 %

Shares of NYSE:BTI opened at $30.67 on Monday. The firm has a 50 day simple moving average of $29.80 and a 200 day simple moving average of $30.10. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $34.38. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be issued a dividend of $0.7431 per share. This represents a $2.97 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend is Friday, December 20th.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

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.