Fmr LLC Buys 3,127,046 Shares of British American Tobacco p.l.c. (NYSE:BTI)

FMR LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,232,402 shares of the company's stock after buying an additional 3,127,046 shares during the period. FMR LLC owned about 0.49% of British American Tobacco worth $371,641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in British American Tobacco in the fourth quarter valued at $55,620,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock valued at $221,343,000 after purchasing an additional 1,196,020 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of British American Tobacco by 202.8% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,369,751 shares of the company's stock worth $49,749,000 after acquiring an additional 917,334 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of British American Tobacco in the fourth quarter valued at about $31,480,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of British American Tobacco during the fourth quarter valued at about $11,820,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on BTI shares. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th.

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British American Tobacco Price Performance

British American Tobacco stock traded up $0.38 during midday trading on Tuesday, hitting $42.39. 3,668,095 shares of the company's stock were exchanged, compared to its average volume of 4,670,227. The stock has a 50-day moving average price of $40.36 and a two-hundred day moving average price of $37.87. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The company has a market cap of $87.73 billion, a P/E ratio of 8.70 and a beta of 0.38. 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 Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is 60.57%.

British American Tobacco 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.