Townsquare Capital LLC Purchases 12,334 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Townsquare Capital LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 61.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,314 shares of the company’s stock after purchasing an additional 12,334 shares during the quarter. Townsquare Capital LLC’s holdings in British American Tobacco were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BTI. O Shaughnessy Asset Management LLC increased its holdings in British American Tobacco by 1.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock valued at $17,922,000 after buying an additional 7,875 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in 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 acquiring an additional 1,196,020 shares during the period. Cove Street Capital LLC bought a new position in British American Tobacco during the fourth quarter worth about $1,050,000. SG Americas Securities LLC boosted its holdings in British American Tobacco by 45.3% during the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after purchasing an additional 14,432 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of British American Tobacco by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on BTI shares. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

British American Tobacco Stock Up 1.2 %

Shares of BTI opened at $42.33 on Friday. The business’s 50 day simple moving average is $40.37 and its 200-day simple moving average is $37.97. British American Tobacco p.l.c. has a one year low of $28.62 and a one year high of $42.74. The company has a market capitalization of $87.61 billion, a P/E ratio of 8.69 and a beta of 0.38. 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 Announces Dividend

The firm also recently announced 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 payout ratio is presently 60.57%.

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.