Tower Research Capital LLC TRC Increases Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Tower Research Capital LLC TRC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 162.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,009 shares of the company's stock after purchasing an additional 58,750 shares during the period. Tower Research Capital LLC TRC's holdings in British American Tobacco were worth $3,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of BTI. Capital International Investors boosted its stake in British American Tobacco by 17.1% during the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after buying an additional 5,673,619 shares during the period. Capital Research Global Investors increased its holdings in British American Tobacco by 0.3% in the 4th quarter. Capital Research Global Investors now owns 15,594,361 shares of the company's stock valued at $566,381,000 after purchasing an additional 47,439 shares during the last quarter. FMR LLC lifted its stake in British American Tobacco by 44.0% during the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after purchasing an additional 3,127,046 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $221,343,000 after buying an additional 1,196,020 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in British American Tobacco by 4.8% during the 4th quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock valued at $109,348,000 after acquiring an additional 137,231 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Down 0.9 %

Shares of BTI stock traded down $0.40 during trading hours on Friday, reaching $42.05. 3,384,101 shares of the stock were exchanged, compared to its average volume of 4,682,668. The business's fifty day moving average is $40.66 and its two-hundred day moving average is $38.25. The firm has a market capitalization of $87.03 billion, a P/E ratio of 8.63 and a beta of 0.38. British American Tobacco p.l.c. has a 12-month low of $29.08 and a 12-month high of $43.12. 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 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 issued a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is presently 60.57%.

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.