Carnegie Capital Asset Management LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,767 shares of the company’s stock, valued at approximately $497,000.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in British American Tobacco p.l.c. 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 buying an additional 3,557,549 shares in the last quarter. Northern Trust Corp boosted its position in British American Tobacco p.l.c. by 0.3% in the second quarter. Northern Trust Corp now owns 2,089,238 shares of the company’s stock valued at $143,197,000 after buying an additional 7,233 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in British American Tobacco p.l.c. by 7.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,065,030 shares of the company’s stock valued at $72,997,000 after buying an additional 70,057 shares in the last quarter. United States Steel & Carnegie Pension Fund boosted its position in 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in British American Tobacco p.l.c. by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 499,255 shares of the company’s stock valued at $34,219,000 after buying an additional 39,669 shares in the last quarter. Hedge funds and other institutional investors own 4.65% of the company’s stock.

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A number of research firms have commented on BTI. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Thursday, August 3rd. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the company a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of British American Tobacco p.l.c. in a research report on Friday, August 11th. Finally, SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. British American Tobacco p.l.c. has a consensus rating of “Buy” and an average price target of $69.00.

British American Tobacco p.l.c. (NYSE BTI) traded down 0.08% during trading on Friday, reaching $62.45. 1,786,475 shares of the company’s stock were exchanged. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41. The stock’s 50 day moving average price is $62.96 and its 200 day moving average price is $66.86. The firm has a market cap of $116.03 billion, a P/E ratio of 20.83 and a beta of 1.05.

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

British American Tobacco p.l.c. 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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