Checchi Capital Advisers LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,273 shares of the company’s stock after buying an additional 1,426 shares during the period. Checchi Capital Advisers LLC’s holdings in British American Tobacco p.l.c. were worth $910,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BTI. United States Steel & Carnegie Pension Fund increased its position in shares of British American Tobacco p.l.c. by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock worth $42,206,000 after buying an additional 485,100 shares during the last quarter. Aperio Group LLC increased its position in shares of British American Tobacco p.l.c. by 11.9% in the second quarter. Aperio Group LLC now owns 443,711 shares of the company’s stock worth $30,412,000 after buying an additional 47,025 shares during the last quarter. First Trust Advisors LP increased its position in shares of British American Tobacco p.l.c. by 6.0% in the second quarter. First Trust Advisors LP now owns 374,026 shares of the company’s stock worth $25,636,000 after buying an additional 21,288 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of British American Tobacco p.l.c. by 18.8% in the second quarter. Advisors Asset Management Inc. now owns 163,000 shares of the company’s stock worth $11,172,000 after buying an additional 25,833 shares during the last quarter. Finally, Cumberland Partners Ltd increased its position in shares of British American Tobacco p.l.c. by 3.3% in the second quarter. Cumberland Partners Ltd now owns 106,630 shares of the company’s stock worth $7,308,000 after buying an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 4.46% of the company’s stock.

Shares of British American Tobacco p.l.c. (NYSE BTI) opened at 62.81 on Tuesday. The company has a 50 day moving average of $67.12 and a 200-day moving average of $72.30. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41. The company has a market cap of $116.70 billion, a PE ratio of 20.93 and a beta of 1.02.

The business also recently announced a None dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, August 18th will be issued a $0.728 dividend. This represents a yield of 2.28%. The ex-dividend date is Wednesday, August 16th.

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BTI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, April 21st. Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Piper Jaffray Companies restated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. British American Tobacco p.l.c. has an average rating of “Buy” and a consensus price target of $71.00.

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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