Sei Investments Co. reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 165,641 shares of the company’s stock after selling 11,378 shares during the period. Sei Investments Co.’s holdings in British American Tobacco p.l.c. were worth $11,352,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Smith Shellnut Wilson LLC ADV purchased a new position in British American Tobacco p.l.c. during the second quarter valued at $221,000. Grove Bank & Trust increased its position in shares of 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 during the last quarter. Huntington National Bank increased its position in shares of 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 during the last quarter. Aviance Capital Partners LLC bought a new position in shares of British American Tobacco p.l.c. during the second quarter worth approximately $214,000. Finally, Atria Investments LLC increased its position in shares of British American Tobacco p.l.c. by 17.1% in the second quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock worth $279,000 after buying an additional 593 shares during the last quarter. Institutional investors and hedge funds own 5.55% of the company’s stock.

Shares of British American Tobacco p.l.c. (BTI) opened at 64.48 on Thursday. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41. The stock has a market cap of $119.80 billion, a P/E ratio of 21.49 and a beta of 1.02. The firm has a 50-day moving average price of $67.76 and a 200-day moving average price of $73.92.

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

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A number of equities analysts recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Wednesday. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. SBG Securities upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. Finally, Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $71.00.

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).

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

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