BlackRock Amends British American Tobacco Stake on Dec 31, 2023
Ticker: BTAFF · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1303523
| Field | Detail |
|---|---|
| Company | British American Tobacco P.L.C. (BTAFF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its British American Tobacco holdings, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in British American Tobacco p.l.c. as of December 31, 2023. This amendment, number 4, indicates a change in BlackRock's beneficial ownership, which is significant because BlackRock is a major institutional investor. For investors, this filing provides transparency into how large funds are positioning themselves in British American Tobacco, potentially signaling confidence or a shift in investment strategy.
Why It Matters
This filing shows how a major institutional investor, BlackRock, is adjusting its position in British American Tobacco, which can influence market perception and trading activity for the stock.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a direct risk to the company or its investors.
Analyst Insight
An investor should note BlackRock's continued, albeit adjusted, stake in British American Tobacco, and consider researching the reasons behind any changes in their reported ownership percentage once the full details of the amendment are available.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- British American Tobacco p.l.c. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No: 4 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company whose securities are being reported?
The subject company is British American Tobacco p.l.c., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: British American Tobacco p.l.c.'.
What is the date of the event that required this filing?
The date of the event which requires this filing is December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement)'.
What is the SEDOL number for the class of securities reported?
The SEDOL number for the Common Stock of British American Tobacco p.l.c. is B02S755, as listed under '(SEDOL Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 6, 2024 regarding British American Tobacco p.l.c. (BTAFF).