Advisors Asset Management Inc. Cuts Stake in British American Tobacco p.l.c. (BTI)

Advisors Asset Management Inc. decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 154,866 shares of the company’s stock after selling 8,134 shares during the quarter. Advisors Asset Management Inc.’s holdings in British American Tobacco p.l.c. were worth $9,671,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BTI. Bank of New York Mellon Corp grew its stake in shares of British American Tobacco p.l.c. by 1,509.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after acquiring an additional 7,533,669 shares during the period. FMR LLC grew its stake in shares of British American Tobacco p.l.c. by 14.7% during the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after acquiring an additional 3,557,549 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of British American Tobacco p.l.c. by 16.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after acquiring an additional 2,181,462 shares during the period. Balyasny Asset Management LLC grew its stake in shares of British American Tobacco p.l.c. by 817.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after acquiring an additional 2,076,034 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of British American Tobacco p.l.c. during the 3rd quarter worth $44,862,000. Institutional investors own 5.39% of the company’s stock.

Several research analysts have recently weighed in on the company. The Goldman Sachs Group, Inc. upgraded British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Cowen and Company upgraded British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Zacks Investment Research downgraded British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. BidaskClub downgraded British American Tobacco p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $69.00.

Shares of British American Tobacco p.l.c. (NYSE:BTI) traded up $0.58 during midday trading on Friday, reaching $66.18. The company’s stock had a trading volume of 2,840,000 shares, compared to its average volume of 2,030,000. British American Tobacco p.l.c. has a fifty-two week low of $53.51 and a fifty-two week high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

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About British American Tobacco p.l.c.

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

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Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

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