QRG Capital Management Inc. Buys 17,478 Shares of British American Tobacco p.l.c. (NYSE:BTI)

QRG Capital Management Inc. boosted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,073 shares of the company's stock after buying an additional 17,478 shares during the quarter. QRG Capital Management Inc.'s holdings in British American Tobacco were worth $7,121,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BTI. FMR LLC lifted its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. ABC Arbitrage SA bought a new stake in British American Tobacco in the fourth quarter valued at approximately $31,480,000. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco during the 3rd quarter worth $28,183,000. Bridgewater Associates LP bought a new position in shares of British American Tobacco during the 3rd quarter valued at about $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock valued at $20,927,000 after purchasing an additional 554,491 shares during the period. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Down 0.0 %

British American Tobacco stock traded down $0.02 during midday trading on Tuesday, reaching $39.76. The stock had a trading volume of 4,300,113 shares, compared to its average volume of 4,663,747. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm's fifty day simple moving average is $38.13 and its 200-day simple moving average is $37.18. The stock has a market capitalization of $82.44 billion, a P/E ratio of 8.16 and a beta of 0.50.

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British American Tobacco Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.