DRW Securities LLC Has $2.84 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

DRW Securities LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,314 shares of the company's stock after buying an additional 12,050 shares during the quarter. DRW Securities LLC's holdings in British American Tobacco were worth $2,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its stake in shares of British American Tobacco by 1.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company's stock worth $17,922,000 after purchasing an additional 7,875 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position 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 worth $221,343,000 after buying an additional 1,196,020 shares during the last quarter. Cove Street Capital LLC bought a new stake in shares of British American Tobacco during the 4th quarter worth about $1,050,000. SG Americas Securities LLC raised its stake in shares of British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock valued at $1,681,000 after acquiring an additional 14,432 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in British American Tobacco by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock worth $7,121,000 after purchasing an additional 17,478 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

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British American Tobacco Stock Performance

BTI stock traded up $0.18 during midday trading on Monday, hitting $41.75. The stock had a trading volume of 3,921,517 shares, compared to its average volume of 4,663,318. 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 current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $40.34 and a 200 day simple moving average of $37.83. The firm has a market capitalization of $86.41 billion, a price-to-earnings ratio of 8.57 and a beta of 0.38.

British American Tobacco Dividend Announcement

The firm also recently announced 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 is Friday, March 28th. British American Tobacco's payout ratio is currently 60.57%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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 research report on Monday, January 27th.

About British American Tobacco

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.