Traders sold shares of British American Tobacco p.l.c. (NYSE:BTI) on strength during trading on Friday. $36.78 million flowed into the stock on the tick-up and $69.74 million flowed out of the stock on the tick-down, for a money net flow of $32.96 million out of the stock. Of all equities tracked, British American Tobacco p.l.c. had the 14th highest net out-flow for the day. British American Tobacco p.l.c. traded up $0.95 for the day and closed at $62.33

Several equities research analysts have recently weighed in on BTI shares. Zacks Investment Research cut British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies reissued a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.00.

The company has a 50-day moving average of $62.39 and a 200 day moving average of $66.74. The firm has a market capitalization of $115.81 billion, a P/E ratio of 20.79 and a beta of 1.06.

The firm also recently announced a None dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, August 18th were paid a dividend of $0.728 per share. This represents a yield of 2.28%. The ex-dividend date was Wednesday, August 16th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fulton Bank N.A. purchased a new position in British American Tobacco p.l.c. during the 3rd quarter valued at approximately $651,000. Park National Corp OH purchased a new position in British American Tobacco p.l.c. during the 3rd quarter valued at approximately $378,000. USA Financial Portformulas Corp purchased a new position in British American Tobacco p.l.c. during the 2nd quarter valued at approximately $660,000. Atlantic Trust LLC purchased a new position in British American Tobacco p.l.c. during the 2nd quarter valued at approximately $252,000. Finally, Schafer Cullen Capital Management Inc. grew its holdings in British American Tobacco p.l.c. by 1.0% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 1,278,569 shares of the company’s stock valued at $87,633,000 after buying an additional 12,365 shares in the last quarter. Institutional investors and hedge funds own 4.65% of the company’s stock.

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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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