British American Tobacco p.l.c. (BTI) Holdings Lifted by Hugh Johnson Advisors LLC

Hugh Johnson Advisors LLC grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 35.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,815 shares of the company’s stock after buying an additional 1,518 shares during the quarter. Hugh Johnson Advisors LLC’s holdings in British American Tobacco were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BTI. Bank of New York Mellon Corp lifted its position in shares of British American Tobacco by 1,509.0% in the third quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after purchasing an additional 7,533,669 shares in the last quarter. FMR LLC lifted its position in shares of British American Tobacco by 14.7% in the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after purchasing an additional 3,557,549 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of British American Tobacco in the third quarter worth approximately $180,398,000. Goldman Sachs Group Inc. lifted its position in shares of British American Tobacco by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after purchasing an additional 2,181,462 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of British American Tobacco by 817.0% in the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after purchasing an additional 2,076,034 shares in the last quarter. Institutional investors own 7.20% of the company’s stock.

A number of analysts have recently issued reports on BTI shares. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Monday, August 28th. Cowen Inc raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Goldman Sachs Group Inc raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. SBG Securities raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, BidaskClub lowered shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $71.25.

Shares of British American Tobacco p.l.c. (NYSE:BTI) traded down $0.02 on Monday, reaching $66.78. 575,900 shares of the company traded hands, compared to its average volume of 3,675,974. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87. British American Tobacco p.l.c. has a 52-week low of $53.78 and a 52-week high of $73.41.

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About British American Tobacco

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).

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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