Massachusetts Financial Services Co. MA Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Massachusetts Financial Services Co. MA grew its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,585 shares of the company's stock after acquiring an additional 7,785 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in British American Tobacco were worth $4,961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BTI. OLD Mission Capital LLC lifted its holdings in British American Tobacco by 1,004.1% in the 4th quarter. OLD Mission Capital LLC now owns 148,181 shares of the company's stock valued at $5,382,000 after purchasing an additional 134,760 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of British American Tobacco by 2.5% in the fourth quarter. National Bank of Canada FI now owns 90,676 shares of the company's stock worth $3,293,000 after buying an additional 2,190 shares in the last quarter. Meridian Investment Counsel Inc. boosted its position in British American Tobacco by 1.5% during the fourth quarter. Meridian Investment Counsel Inc. now owns 58,737 shares of the company's stock worth $2,133,000 after acquiring an additional 850 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in 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 valued at $17,922,000 after acquiring an additional 7,875 shares in the last quarter. Finally, Cove Street Capital LLC acquired a new stake in British American Tobacco in the 4th quarter valued at about $1,050,000. 16.16% of the stock is owned by institutional investors and hedge funds.

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British American Tobacco Trading Up 2.4 %

Shares of British American Tobacco stock traded up $0.99 during mid-day trading on Friday, hitting $41.54. The stock had a trading volume of 8,528,204 shares, compared to its average volume of 4,677,557. The firm has a 50-day moving average of $40.34 and a two-hundred day moving average of $37.83. The firm has a market cap of $85.97 billion, a P/E ratio of 8.53 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74.

British American Tobacco Dividend Announcement

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

Wall Street Analysts Forecast Growth

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