Logan Capital Management Inc. boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,511 shares of the company’s stock after acquiring an additional 290 shares during the quarter. Logan Capital Management Inc.’s holdings in British American Tobacco p.l.c. were worth $1,269,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BTI. Miles Capital Inc. raised its position in British American Tobacco p.l.c. by 0.4% in the second quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock valued at $337,000 after purchasing an additional 20 shares during the period. Fiera Capital Corp lifted its stake in shares of British American Tobacco p.l.c. by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock valued at $225,000 after purchasing an additional 59 shares during the last quarter. Financial Counselors Inc. lifted its stake in shares of British American Tobacco p.l.c. by 2.5% in the 2nd quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock valued at $369,000 after purchasing an additional 131 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in shares of British American Tobacco p.l.c. by 1.3% in the 2nd quarter. Sit Investment Associates Inc. now owns 15,694 shares of the company’s stock valued at $1,076,000 after purchasing an additional 194 shares during the last quarter. Finally, Hays Advisory LLC lifted its stake in shares of British American Tobacco p.l.c. by 5.1% in the 2nd quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock valued at $283,000 after purchasing an additional 199 shares during the last quarter. 4.65% of the stock is owned by institutional investors.

Shares of British American Tobacco p.l.c. (BTI) traded down 0.2063% during mid-day trading on Tuesday, reaching $62.3112. The company’s stock had a trading volume of 588,009 shares. British American Tobacco p.l.c. has a 1-year low of $52.71 and a 1-year high of $73.41. The firm’s 50 day moving average price is $62.46 and its 200-day moving average price is $66.82. The company has a market capitalization of $115.77 billion, a price-to-earnings ratio of 20.7843 and a beta of 1.06.

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

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A number of analysts recently issued reports on the company. Investec raised 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 shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Tuesday, August 15th. UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. SBG Securities raised shares of 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 reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. British American Tobacco p.l.c. has an average rating of “Buy” and a consensus price target of $69.00.

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).

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

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