First Personal Financial Services lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 34.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,933 shares of the company’s stock after buying an additional 1,008 shares during the quarter. First Personal Financial Services’ holdings in British American Tobacco p.l.c. were worth $246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTI. FMR LLC grew its holdings in shares of British American Tobacco p.l.c. by 14.7% during the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after buying an additional 3,557,549 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in British American Tobacco p.l.c. 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 period. Balyasny Asset Management LLC grew its holdings in British American Tobacco p.l.c. by 817.0% in the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock valued at $159,709,000 after purchasing an additional 2,076,034 shares during the period. Canada Pension Plan Investment Board purchased a new stake in British American Tobacco p.l.c. in the third quarter valued at approximately $44,862,000. Finally, APG Asset Management N.V. purchased a new stake in British American Tobacco p.l.c. in the third quarter valued at approximately $41,876,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Several equities research analysts have issued reports on the stock. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Thursday, August 3rd. 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 objective for the company in a research note on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco p.l.c. in a research note on Friday, August 11th. 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, Cowen and Company raised shares of British American Tobacco p.l.c. 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 hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $69.00.

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British American Tobacco p.l.c. (BTI) traded down $0.40 during midday trading on Monday, hitting $64.95. 575,984 shares of the stock were exchanged, compared to its average volume of 2,035,840. British American Tobacco p.l.c. has a twelve month low of $52.71 and a twelve month high of $73.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87.

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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