Cumberland Partners Ltd increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 106,630 shares of the company’s stock after buying an additional 3,400 shares during the period. Cumberland Partners Ltd’s holdings in British American Tobacco p.l.c. were worth $7,308,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc bought a new position in shares of British American Tobacco p.l.c. during the second quarter valued at $378,000. Hays Advisory LLC boosted its position in 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. RB Capital Management LLC acquired a new position in British American Tobacco p.l.c. during the second quarter valued at approximately $306,000. 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 during the last quarter. Finally, Huntington National Bank boosted its position in British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after buying an additional 788 shares during the last quarter. Institutional investors own 5.55% of the company’s stock.

British American Tobacco p.l.c. (NYSE BTI) opened at 62.88 on Friday. British American Tobacco p.l.c. has a 52-week low of $60.15 and a 52-week high of $130.40. The company’s 50-day moving average price is $67.53 and its 200 day moving average price is $73.84. The stock has a market capitalization of $116.83 billion, a PE ratio of 20.95 and a beta of 1.02.

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

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BTI has been the subject of several recent analyst reports. Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. 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 for the company in a research report on Friday, April 21st. UBS AG restated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. SBG Securities upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies restated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price 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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