PNC Financial Services Group Inc. increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,715 shares of the company’s stock after buying an additional 2,709 shares during the period. PNC Financial Services Group Inc.’s holdings in British American Tobacco p.l.c. were worth $1,693,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BTI. Grove Bank & Trust increased its stake in shares of British American Tobacco p.l.c. by 50.2% during 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 during the period. Parallel Advisors LLC increased its stake in shares of British American Tobacco p.l.c. by 439.0% during the second quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares during the period. Huntington National Bank increased its stake in shares of British American Tobacco p.l.c. by 41.1% during 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 during the period. First Personal Financial Services increased its stake in shares of British American Tobacco p.l.c. by 211.5% during the second quarter. First Personal Financial Services now owns 2,925 shares of the company’s stock worth $200,000 after buying an additional 1,986 shares during the period. Finally, Aviance Capital Partners LLC purchased a new stake in shares of British American Tobacco p.l.c. during the second quarter worth approximately $214,000. Hedge funds and other institutional investors own 4.65% of the company’s stock.

British American Tobacco p.l.c. (BTI) opened at 62.90 on Thursday. The firm has a 50-day moving average of $62.43 and a 200 day moving average of $66.78. The stock has a market capitalization of $116.87 billion, a price-to-earnings ratio of 20.98 and a beta of 1.06. British American Tobacco p.l.c. has a 52 week low of $52.71 and a 52 week high of $73.41.

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

ILLEGAL ACTIVITY WARNING: “PNC Financial Services Group Inc. Purchases 2,709 Shares of British American Tobacco p.l.c. (BTI)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/pnc-financial-services-group-inc-purchases-2709-shares-of-british-american-tobacco-p-l-c-bti/1609468.html.

A number of analysts recently weighed in on BTI shares. Zacks Investment Research upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Monday, August 28th. Cowen and Company upgraded shares of British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Bank of America Corporation set a $79.00 target price on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a research note on Thursday, July 6th. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Investec upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. British American Tobacco p.l.c. has a consensus rating of “Buy” and an average target price of $69.00.

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).

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI).

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

Receive News & Ratings for British American Tobacco p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco p.l.c. and related companies with Analyst Ratings Network's FREE daily email newsletter.