Teachers Retirement System of The State of Kentucky Acquires 48,010 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 433,930 shares of the company's stock after purchasing an additional 48,010 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in British American Tobacco were worth $15,761,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BTI. Capital International Investors increased its stake in shares of British American Tobacco by 17.1% during the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after purchasing an additional 5,673,619 shares during the last quarter. FMR LLC grew its stake in British American Tobacco by 44.0% in the 4th 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 during the last quarter. Bank of Montreal Can grew its stake in British American Tobacco by 2,565.4% in the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock valued at $75,521,000 after buying an additional 2,001,311 shares during the last quarter. Bridgewater Associates LP grew its stake in British American Tobacco by 261.7% in the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock valued at $97,388,000 after buying an additional 1,940,035 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in British American Tobacco in the 4th quarter valued at $55,620,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

British American Tobacco stock traded down $0.40 during mid-day trading on Friday, reaching $42.05. The company had a trading volume of 3,384,101 shares, compared to its average volume of 4,651,170. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 52 week low of $29.36 and a 52 week high of $43.12. The company has a 50 day moving average of $40.66 and a 200-day moving average of $38.29. The firm has a market cap of $87.03 billion, a price-to-earnings ratio of 8.63 and a beta of 0.38.

British American Tobacco Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is presently 60.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BTI shares. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th.

British American Tobacco 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.