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

Arrowstreet Capital Limited Partnership increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,094,244 shares of the company's stock after acquiring 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC raised its holdings in British American Tobacco by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock worth $109,348,000 after acquiring an additional 137,231 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of British American Tobacco in the 4th quarter valued at approximately $55,620,000. First Eagle Investment Management LLC lifted its stake in British American Tobacco by 13.0% in the fourth quarter. First Eagle Investment Management LLC now owns 967,976 shares of the company's stock valued at $35,157,000 after acquiring an additional 111,033 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of British American Tobacco in the 4th quarter valued at about $31,480,000. Institutional investors and hedge funds own 16.16% of the company's stock.

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Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

NYSE:BTI traded up $1.80 on Thursday, hitting $42.05. The company had a trading volume of 6,292,442 shares, compared to its average volume of 4,585,403. 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 52 week low of $28.25 and a 52 week high of $42.74. The stock has a market capitalization of $87.09 billion, a price-to-earnings ratio of 8.65 and a beta of 0.38. The firm has a 50 day moving average of $40.13 and a two-hundred day moving average of $37.69.

British American Tobacco Announces Dividend

The company 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 (DPR) is currently 60.57%.

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.