British American Tobacco p.l.c. (NYSE:BTI) Stake Boosted by Capital International Inc. CA

Capital International Inc. CA raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 51.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 305,678 shares of the company’s stock after buying an additional 104,062 shares during the period. Capital International Inc. CA’s holdings in British American Tobacco were worth $11,102,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in British American Tobacco by 1.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock valued at $17,922,000 after purchasing an additional 7,875 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in British American Tobacco by 24.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock worth $221,343,000 after acquiring an additional 1,196,020 shares in the last quarter. Cove Street Capital LLC acquired a new stake in British American Tobacco during the 4th quarter worth about $1,050,000. SG Americas Securities LLC grew its stake in British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after acquiring an additional 14,432 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of British American Tobacco by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Trading Up 1.2 %

Shares of NYSE BTI opened at $42.33 on Friday. The stock has a market cap of $87.61 billion, a price-to-earnings ratio of 8.69 and a beta of 0.38. The business has a 50 day simple moving average of $40.37 and a 200 day simple moving average of $38.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 52 week low of $29.07 and a 52 week high of $42.74.

British American Tobacco Dividend Announcement

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

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.