Emerging Sovereign Group LLC trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 42.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 344,075 shares of the company’s stock after selling 258,370 shares during the period. British American Tobacco p.l.c. accounts for approximately 6.0% of Emerging Sovereign Group LLC’s portfolio, making the stock its 9th largest position. Emerging Sovereign Group LLC’s holdings in British American Tobacco p.l.c. were worth $23,583,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BTI. United States Steel & Carnegie Pension Fund raised its holdings 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 valued at $42,206,000 after buying an additional 485,100 shares during the last quarter. Atria Investments LLC raised its holdings in shares of British American Tobacco p.l.c. by 17.1% in the second quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock valued at $279,000 after buying an additional 593 shares during the last quarter. RB Capital Management LLC purchased a new stake in shares of British American Tobacco p.l.c. in the second quarter valued at about $306,000. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of British American Tobacco p.l.c. in the second quarter valued at about $221,000. Finally, Hays Advisory LLC raised its holdings in shares of British American Tobacco p.l.c. by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock valued at $283,000 after buying an additional 199 shares during the last quarter. 4.65% of the stock is owned by institutional investors and hedge funds.

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

A number of equities research analysts have recently commented on BTI shares. Zacks Investment Research cut shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a research note on Thursday, July 6th. Piper Jaffray Companies reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.00.

British American Tobacco p.l.c. 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 p.l.c. (NYSE:BTI)

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