Grantham Mayo Van Otterloo & Co. LLC Buys 917,334 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 202.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,369,751 shares of the company's stock after purchasing an additional 917,334 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.07% of British American Tobacco worth $49,749,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of British American Tobacco during the 4th quarter valued at about $55,620,000. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 valued at $221,343,000 after purchasing an additional 1,196,020 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of British American Tobacco during the fourth quarter worth $31,480,000. Public Employees Retirement System of Ohio acquired a new position in British American Tobacco during the 3rd quarter valued at about $28,183,000. Finally, SBI Securities Co. Ltd. bought a new position in British American Tobacco in the fourth quarter valued at approximately $11,820,000. Institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

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

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British American Tobacco Stock Up 1.1 %

Shares of British American Tobacco stock traded up $0.45 on Thursday, hitting $40.66. The company had a trading volume of 9,954,950 shares, compared to its average volume of 4,669,507. The stock has a 50-day moving average of $40.30 and a 200-day moving average of $37.79. 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 p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The firm has a market capitalization of $84.22 billion, a P/E ratio of 8.36 and a beta of 0.38.

British American Tobacco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio 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.