Bank of Montreal Can Has $75.52 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Bank of Montreal Can lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2,565.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,079,322 shares of the company’s stock after purchasing an additional 2,001,311 shares during the quarter. Bank of Montreal Can owned 0.10% of British American Tobacco worth $75,521,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BTI. FMR LLC lifted its stake in British American Tobacco by 44.0% in the fourth quarter. FMR LLC now owns 10,232,402 shares of the company’s stock valued at $371,641,000 after buying an additional 3,127,046 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in British American Tobacco by 24.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock worth $221,343,000 after purchasing an additional 1,196,020 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of British American Tobacco by 4.8% in the 4th quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company’s stock valued at $109,348,000 after purchasing an additional 137,231 shares during the period. Raymond James Financial Inc. acquired a new position in shares of British American Tobacco during the fourth quarter worth about $55,620,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of British American Tobacco by 202.8% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,369,751 shares of the company’s stock worth $49,749,000 after buying an additional 917,334 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.2 %

NYSE BTI opened at $39.52 on Wednesday. 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 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 moving average of $40.28 and a 200-day moving average of $37.76. The company has a market cap of $81.85 billion, a PE ratio of 8.11 and a beta of 0.38.

British American Tobacco Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders 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 dividend payout ratio (DPR) is presently 60.57%.

Analyst Ratings Changes

BTI has been the subject of a number of recent research reports. StockNews.com raised 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.