OLD Mission Capital LLC Boosts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

OLD Mission Capital LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 1,004.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,181 shares of the company's stock after purchasing an additional 134,760 shares during the period. OLD Mission Capital LLC's holdings in British American Tobacco were worth $5,382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in shares of British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after buying an additional 2,868,675 shares during the period. Raymond James Financial Inc. purchased a new position in shares of British American Tobacco in the fourth quarter valued at about $55,620,000. Arrowstreet Capital Limited Partnership raised 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 acquiring an additional 1,196,020 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of British American Tobacco in the fourth quarter worth about $31,480,000. Finally, Public Employees Retirement System of Ohio purchased a new position in British American Tobacco during the 3rd quarter valued at about $28,183,000. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Down 1.9 %

Shares of NYSE:BTI traded down $0.79 during trading on Wednesday, hitting $40.31. The stock had a trading volume of 3,100,633 shares, compared to its average volume of 4,577,206. The company has a market capitalization of $83.50 billion, a PE ratio of 8.28 and a beta of 0.50. The firm's fifty day moving average is $40.13 and its 200 day moving average is $37.69. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

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British American Tobacco Announces Dividend

The firm also recently declared 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 of this dividend is Friday, March 28th. British American Tobacco's payout ratio is 60.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BTI. 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 shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th.

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.