JPMorgan Chase & Co. lowered its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 17.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305,902 shares of the company’s stock after selling 66,271 shares during the quarter. JPMorgan Chase & Co.’s holdings in British American Tobacco p.l.c. were worth $20,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust grew its position in British American Tobacco p.l.c. by 50.2% in the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after purchasing an additional 688 shares during the period. Parallel Advisors LLC grew its position in British American Tobacco p.l.c. by 439.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock valued at $157,000 after purchasing an additional 2,050 shares during the period. Huntington National Bank grew its position in British American Tobacco p.l.c. by 41.1% in the 2nd quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after purchasing an additional 788 shares during the period. First Personal Financial Services grew its position in British American Tobacco p.l.c. by 211.5% in the 2nd quarter. First Personal Financial Services now owns 2,925 shares of the company’s stock valued at $200,000 after purchasing an additional 1,986 shares during the period. Finally, Aviance Capital Partners LLC acquired a new stake in British American Tobacco p.l.c. in the 2nd quarter valued at $214,000. 4.65% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Piper Jaffray Companies started coverage on shares of British American Tobacco p.l.c. in a research report on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price target for the company. Bank of America Corporation set a $79.00 price objective on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a report on Thursday, July 6th. Investec raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, J P Morgan Chase & Co reaffirmed 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 seven have given a buy rating to the company’s stock. The stock 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. (NYSE:BTI) opened at 62.04 on Thursday. The stock has a market capitalization of $115.27 billion, a P/E ratio of 21.12 and a beta of 1.05. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41. The firm’s 50-day moving average is $62.96 and its 200-day moving average is $66.86.

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

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).

Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

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