Federated Hermes Reduces $5M in British American Tobacco p.l.c. ($BTI)
Key Points
- Federated Hermes changed its British American Tobacco p.l.c. ($BTI) stake by 2.1% last quarter, cutting to 3,697,755 shares worth $227.01 million.
- Wall Street's consensus rating on $BTI is Strong Buy and an average price target of $67.54.
- $BTI last traded around $61.39.
Federated Hermes trimmed its position in British American Tobacco p.l.c. ($BTI) by 2.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,697,755 shares of British American Tobacco p.l.c. after selling 79,537 shares during the quarter. Federated Hermes's holdings in British American Tobacco p.l.c. were worth $227.01 million as of its most recent filing.
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About British American Tobacco p.l.c.
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.
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