National Planning Corp lowered its position in British American Tobacco p.l.c. (NYSE:BTI) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,807 shares of the company’s stock after selling 250 shares during the period. National Planning Corp’s holdings in British American Tobacco p.l.c. were worth $327,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BTI. Smith Shellnut Wilson LLC ADV bought a new position in British American Tobacco p.l.c. during the second quarter worth about $221,000. Grove Bank & Trust raised its position in British American Tobacco p.l.c. by 50.2% in the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares in the last quarter. Huntington National Bank raised its position in British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock worth $185,000 after buying an additional 788 shares in the last quarter. Aviance Capital Partners LLC bought a new position in British American Tobacco p.l.c. during the second quarter worth about $214,000. Finally, IFP Advisors Inc raised its position in British American Tobacco p.l.c. by 14.0% in the second quarter. IFP Advisors Inc now owns 3,137 shares of the company’s stock worth $215,000 after buying an additional 386 shares in the last quarter. 4.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at 62.81 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41. The stock’s 50 day moving average is $67.12 and its 200-day moving average is $72.30. The firm has a market capitalization of $116.70 billion, a P/E ratio of 20.93 and a beta of 1.02.

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

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A number of equities research analysts recently commented on BTI shares. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Wednesday, August 9th. UBS AG restated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. Investec upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of British American Tobacco p.l.c. in a research report on Friday. Finally, Piper Jaffray Companies restated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. British American Tobacco p.l.c. currently has an average rating of “Buy” and an average price target of $71.00.

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).

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

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