British American Tobacco PLC (BTI) Position Increased by North American Management Corp

North American Management Corp raised its position in British American Tobacco PLC (NYSE:BTI) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,290 shares of the company’s stock after purchasing an additional 1,985 shares during the quarter. North American Management Corp’s holdings in British American Tobacco were worth $3,231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BTI. Jane Street Group LLC raised its position in British American Tobacco by 497.3% in the 2nd quarter. Jane Street Group LLC now owns 1,895,166 shares of the company’s stock worth $95,611,000 after purchasing an additional 1,577,899 shares during the period. BlackRock Inc. grew its stake in British American Tobacco by 77.7% in the 1st quarter. BlackRock Inc. now owns 3,414,126 shares of the company’s stock worth $196,961,000 after acquiring an additional 1,492,324 shares in the last quarter. Gardner Russo & Gardner LLC grew its stake in British American Tobacco by 11,854.1% in the 2nd quarter. Gardner Russo & Gardner LLC now owns 1,254,227 shares of the company’s stock worth $63,421,000 after acquiring an additional 1,243,735 shares in the last quarter. Bank of Montreal Can grew its stake in British American Tobacco by 734.5% in the 3rd quarter. Bank of Montreal Can now owns 489,791 shares of the company’s stock worth $22,839,000 after acquiring an additional 431,098 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in British American Tobacco by 3,368.5% in the 1st quarter. Summit Trail Advisors LLC now owns 200,237 shares of the company’s stock worth $200,000 after acquiring an additional 194,464 shares in the last quarter. 7.67% of the stock is currently owned by institutional investors.

BTI stock traded up $1.16 during mid-day trading on Wednesday, reaching $43.08. The company had a trading volume of 4,907,600 shares, compared to its average volume of 2,053,955. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. The company has a market capitalization of $99.37 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.53 and a beta of 1.00. British American Tobacco PLC has a 12 month low of $41.69 and a 12 month high of $71.44.

BTI has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of British American Tobacco to a “buy” rating in a research note on Friday, August 24th. Royal Bank of Canada downgraded shares of British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, Sanford C. Bernstein initiated coverage on shares of British American Tobacco in a research note on Tuesday. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $73.00.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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