4 days Ago By ABMN Staff
Russell Investments Group Ltd. trimmed its position in shares of British American Tobacco p.l.
c. ( NYSE:BTI – Free Report ) by 73.4% during the fourth quarter, HoldingsChannel reports.
The institutional investor owned 101,542 shares of the company’s stock after selling 280,364 shares during the period. Russell Investments Group Ltd.’s holdings in British American Tobacco were worth $3,688,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $55,620,000.
Arrowstreet Capital Limited Partnership boosted its holdings in shares of British American Tobacco by 24.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock valued at $221,343,000 after purchasing an additional 1,196,020 shares in the last quarter.
Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of British American Tobacco by 202.8% in the 4th quarter.
Grantham Mayo Van Otterloo & Co. LLC now owns 1,369,751 shares of the company’s stock valued at $49,749,000 after purchasing an additional 917,334 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of British American Tobacco during the 4th quarter worth $31,480,000.
Finally, SBI Securities Co. Ltd. bought a new stake in shares of British American Tobacco during the 4th quarter worth $11,820,000.
16.16% of the stock is owned by institutional investors. Analyst Ratings Changes A number of research firms have issued reports 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 research report on Monday, January 27th.
British American Tobacco Trading Up 0.7 % NYSE BTI opened at $42.29 on Wednesday.
British American Tobacco p.l.c.
has a twelve month low of $28.25 and a twelve month high of $42.74.
The business’s fifty day moving average is $40.37 and its 200 day moving average is $37.90.
The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.
65. The company has a market cap of $87.51 billion, a price-to-earnings ratio of 8.
68 and a beta of 0.38. British American Tobacco Announces Dividend The company also recently declared a dividend, which will be paid on Monday, May 12th.
Stockholders 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 dividend payout ratio (DPR) is currently 60.57%. British American Tobacco Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for British American Tobacco p.l.c.
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