Coastline Trust Co raised its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 29.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,492 shares of the company’s stock after purchasing an additional 1,492 shares during the period. Coastline Trust Co’s holdings in British American Tobacco were worth $405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTI. Miles Capital Inc. boosted its holdings in shares of British American Tobacco by 0.4% in the 2nd quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock valued at $337,000 after buying an additional 20 shares in the last quarter. National Asset Management Inc. boosted its holdings in shares of British American Tobacco by 1.2% in the 2nd quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock valued at $246,000 after buying an additional 44 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of British American Tobacco by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock valued at $225,000 after buying an additional 59 shares in the last quarter. Financial Counselors Inc. boosted its holdings in shares of British American Tobacco by 2.5% in the 2nd quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock valued at $369,000 after buying an additional 131 shares in the last quarter. Finally, FTB Advisors Inc. boosted its holdings in shares of British American Tobacco by 10.7% in the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock valued at $117,000 after buying an additional 174 shares in the last quarter. 9.35% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on BTI. BidaskClub cut shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Wednesday, December 6th. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. Finally, Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.67.

British American Tobacco PLC (NYSE:BTI) traded down $1.58 during mid-day trading on Friday, reaching $65.78. 2,829,700 shares of the company were exchanged, compared to its average volume of 3,595,003. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91. British American Tobacco PLC has a one year low of $55.53 and a one year high of $73.41.

The business also recently announced a None dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, December 29th will be paid a $0.581 dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.

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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).

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

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