Korea Investment CORP acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 69,912 shares of the company’s stock, valued at approximately $4,366,000.

Several other institutional investors also recently made changes to their positions in BTI. FMR LLC lifted its holdings in 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 acquiring an additional 3,557,549 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in British American Tobacco p.l.c. by 16.3% during the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after acquiring an additional 2,181,462 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in British American Tobacco p.l.c. by 817.0% during the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after acquiring an additional 2,076,034 shares in the last quarter. Northern Trust Corp lifted its holdings in British American Tobacco p.l.c. by 0.3% during the second quarter. Northern Trust Corp now owns 2,089,238 shares of the company’s stock worth $143,197,000 after acquiring an additional 7,233 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc. lifted its holdings in British American Tobacco p.l.c. by 1.0% during the second quarter. Schafer Cullen Capital Management Inc. now owns 1,278,569 shares of the company’s stock worth $87,633,000 after acquiring an additional 12,365 shares in the last quarter. 4.80% of the stock is owned by institutional investors and hedge funds.

BTI has been the topic of several recent analyst reports. Zacks Investment Research lowered British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) upgraded British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, Cowen and Company upgraded British American Tobacco p.l.c. 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 hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.00.

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Shares of British American Tobacco p.l.c. (BTI) opened at $65.35 on Friday. 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 quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

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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