Bank of Montreal Can Has $75.52 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Bank of Montreal Can raised its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 2,565.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,079,322 shares of the company's stock after buying an additional 2,001,311 shares during the quarter. Bank of Montreal Can owned approximately 0.10% of British American Tobacco worth $75,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its position in shares of British American Tobacco by 44.0% during the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Raymond James Financial Inc. acquired a new position in British American Tobacco in the 4th quarter valued at $55,620,000. Arrowstreet Capital Limited Partnership increased its position in British American Tobacco by 24.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after purchasing an additional 1,196,020 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in British American Tobacco by 202.8% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,369,751 shares of the company's stock valued at $49,749,000 after buying an additional 917,334 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of British American Tobacco during the fourth quarter worth $31,480,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BTI. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

British American Tobacco Stock Performance

Shares of NYSE BTI traded up $0.09 during midday trading on Monday, hitting $41.66. 2,925,418 shares of the company's stock were exchanged, compared to its average volume of 4,660,927. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company's 50 day moving average price is $40.34 and its 200 day moving average price is $37.83. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $86.22 billion, a PE ratio of 8.55 and a beta of 0.38.

British American Tobacco Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid a $0.7491 dividend. 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.