Financial Counselors Inc. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 867.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,146 shares of the company’s stock after acquiring an additional 46,756 shares during the quarter. Financial Counselors Inc.’s holdings in British American Tobacco were worth $3,257,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its holdings 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 valued at $1,900,434,000 after purchasing an additional 3,557,549 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 valued at $1,064,590,000 after purchasing an additional 2,181,462 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 valued at $501,659,000 after purchasing an additional 7,533,669 shares during the last quarter. Evercore Trust Company N.A. acquired a new stake in shares of British American Tobacco in the third quarter valued at approximately $331,037,000. Finally, Thornburg Investment Management Inc. acquired a new stake in shares of British American Tobacco in the third quarter valued at approximately $183,498,000. 9.35% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco in a research report on Wednesday, August 9th. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, August 15th. Goldman Sachs Group reiterated a “neutral” rating on shares of British American Tobacco in a research report on Friday, August 11th. Finally, Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. British American Tobacco has an average rating of “Buy” and an average price target of $71.25.

British American Tobacco p.l.c. (NYSE BTI) opened at $64.95 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $54.58 and a 52-week high of $73.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48.

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British American Tobacco Company Profile

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 (NYSE:BTI)

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