Arrowstreet Capital Limited Partnership Purchases 1,196,020 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Arrowstreet Capital Limited Partnership lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,094,244 shares of the company’s stock after purchasing an additional 1,196,020 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.29% of British American Tobacco worth $221,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound View Wealth Advisors Group LLC lifted its position in British American Tobacco by 3.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock worth $323,000 after acquiring an additional 258 shares during the period. Stokes Family Office LLC raised its holdings in British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock worth $534,000 after purchasing an additional 269 shares during the period. Key Client Fiduciary Advisors LLC grew its stake in British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after acquiring an additional 295 shares during the period. ORG Partners LLC increased its stake in shares of 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 purchasing an additional 299 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of British American Tobacco by 17.0% during the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company’s stock valued at $76,000 after acquiring an additional 305 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 1.6 %

Shares of BTI stock opened at $40.53 on Monday. The company has a 50-day moving average of $39.86 and a two-hundred day moving average of $37.64. The firm has a market cap of $83.94 billion, a PE ratio of 8.32 and a beta of 0.50. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Dividend Announcement

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

Analyst Upgrades and Downgrades

BTI has been the topic of several recent research reports. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

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.