Massachusetts Financial Services Co. MA Has $4.96 Million Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Massachusetts Financial Services Co. MA lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 136,585 shares of the company’s stock after acquiring an additional 7,785 shares during the period. Massachusetts Financial Services Co. MA’s holdings in British American Tobacco were worth $4,961,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. SRS Capital Advisors Inc. boosted its holdings in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc acquired a new stake in British American Tobacco during the fourth quarter worth approximately $34,000. Cullen Frost Bankers Inc. increased its stake in British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after acquiring an additional 846 shares during the period. Finally, ORG Partners LLC raised its holdings in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Trading Down 1.0 %

Shares of BTI stock opened at $39.45 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The company has a market cap of $81.72 billion, a PE ratio of 8.10 and a beta of 0.38. The stock’s fifty day moving average price is $40.26 and its two-hundred day moving average price is $37.73.

British American Tobacco Announces Dividend

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

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.