ICICI Prudential Asset Management Co Ltd Purchases 399,359 Shares of British American Tobacco p.l.c. (NYSE:BTI)

ICICI Prudential Asset Management Co Ltd increased its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 40.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,394,129 shares of the company's stock after buying an additional 399,359 shares during the period. British American Tobacco comprises approximately 4.7% of ICICI Prudential Asset Management Co Ltd's holdings, making the stock its 3rd biggest position. ICICI Prudential Asset Management Co Ltd owned 0.07% of British American Tobacco worth $40,834,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in British American Tobacco by 44.3% in the 2nd quarter. BlackRock Inc. now owns 16,678,672 shares of the company's stock valued at $553,732,000 after acquiring an additional 5,120,214 shares during the period. Capital International Investors grew its position in British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company's stock valued at $400,788,000 after buying an additional 1,060,090 shares in the last quarter. Bank of America Corp DE increased its stake in British American Tobacco by 7.1% during the 1st quarter. Bank of America Corp DE now owns 7,008,085 shares of the company's stock valued at $246,124,000 after buying an additional 464,946 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of British American Tobacco by 8.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,311,628 shares of the company's stock worth $181,778,000 after acquiring an additional 340,040 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in British American Tobacco by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 3,661,558 shares of the company's stock worth $128,594,000 after purchasing an additional 64,984 shares during the period. Institutional investors own 21.44% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE:BTI traded up $0.16 during mid-day trading on Friday, reaching $30.50. 3,170,147 shares of the stock were exchanged, compared to its average volume of 5,595,258. British American Tobacco p.l.c. has a one year low of $28.35 and a one year high of $37.65. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The stock's 50 day simple moving average is $30.14 and its 200-day simple moving average is $30.52.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be issued a dividend of $0.7431 per share. This represents a $2.97 annualized dividend and a yield of 9.75%. The ex-dividend date is Friday, December 20th.

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.