Arrowstreet Capital Limited Partnership Raises Position in British American Tobacco p.l.c. (NYSE:BTI)

Arrowstreet Capital Limited Partnership raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,094,244 shares of the company’s stock after acquiring an additional 1,196,020 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in British American Tobacco were worth $221,343,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its stake in shares of British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco during the fourth quarter worth approximately $27,000. Versant Capital Management Inc purchased a new position in shares of British American Tobacco in the 4th quarter worth $34,000. Cullen Frost Bankers Inc. lifted its stake in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after purchasing an additional 846 shares in the last quarter. Finally, ORG Partners LLC grew its stake in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $40.53 on Monday. The firm has a market cap of $83.94 billion, a P/E ratio of 8.32 and a beta of 0.50. The stock’s 50 day simple moving average is $39.86 and its 200 day simple moving average is $37.64. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74.

British American Tobacco Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is presently 60.57%.

Analyst Ratings Changes

A number of research firms have recently commented on BTI. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

British American Tobacco Company 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.