Envestnet Asset Management Inc. Has $23.97 Million Holdings in British American Tobacco p.l.c. (BTI)

Envestnet Asset Management Inc. raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,842 shares of the company’s stock after buying an additional 43,044 shares during the period. Envestnet Asset Management Inc.’s holdings in British American Tobacco were worth $23,969,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Verity & Verity LLC increased its position in shares of British American Tobacco by 61.1% during the third quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock worth $2,169,000 after purchasing an additional 13,174 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of British American Tobacco by 12.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 116,556 shares of the company’s stock worth $7,989,000 after purchasing an additional 12,748 shares in the last quarter. Pictet Asset Management Ltd. acquired a new stake in shares of British American Tobacco during the third quarter worth about $23,599,000. CIBC World Markets Inc. increased its position in shares of British American Tobacco by 99.3% during the second quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock worth $2,595,000 after purchasing an additional 18,863 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of British American Tobacco by 19.6% during the second quarter. Alliancebernstein L.P. now owns 434,317 shares of the company’s stock worth $29,768,000 after purchasing an additional 71,216 shares in the last quarter. Institutional investors own 9.35% of the company’s stock.

A number of research firms have recently commented on BTI. Goldman Sachs Group reiterated a “neutral” rating on shares of British American Tobacco in a research report on Friday, August 11th. Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and an average target price of $71.25.

British American Tobacco p.l.c. (BTI) opened at $64.95 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $54.58 and a 52-week high of $73.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48.

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British American Tobacco 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 (NYSE:BTI)

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