Tocqueville Asset Management L.P. purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 417,389 shares of the company’s stock, valued at approximately $26,066,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN grew its stake in shares of British American Tobacco p.l.c. by 908.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after purchasing an additional 1,472 shares during the period. D. Scott Neal Inc. bought a new stake in shares of British American Tobacco p.l.c. during the 3rd quarter valued at about $106,000. Smith Shellnut Wilson LLC ADV bought a new stake in shares of British American Tobacco p.l.c. during the 2nd quarter valued at about $221,000. FTB Advisors Inc. grew its stake in shares of British American Tobacco p.l.c. by 10.7% during the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock valued at $117,000 after purchasing an additional 174 shares during the period. Finally, Grove Bank & Trust grew its stake in shares of British American Tobacco p.l.c. by 50.2% during the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after purchasing an additional 688 shares during the period. Institutional investors and hedge funds own 4.80% of the company’s stock.

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A number of equities research analysts have issued reports on the company. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Wednesday, August 9th. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. Zacks Investment Research upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco p.l.c. in a research note on Friday, August 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target 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).

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

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