Ajo LP purchased a new stake in shares of British American Tobacco PLC (NYSE:BTI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,220 shares of the company’s stock, valued at approximately $546,000.

A number of other hedge funds have also bought and sold shares of BTI. Todd Asset Management LLC boosted its position in shares of British American Tobacco PLC by 1,094.5% in the second quarter. Todd Asset Management LLC now owns 138,306 shares of the company’s stock valued at $17,908,000 after buying an additional 126,727 shares during the period. Glenmede Trust Co. NA boosted its stake in British American Tobacco PLC by 1,188.8% in the second quarter. Glenmede Trust Co. NA now owns 57,972 shares of the company’s stock worth $7,505,000 after buying an additional 53,474 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in British American Tobacco PLC by 14.4% in the second quarter. Bank of New York Mellon Corp now owns 288,984 shares of the company’s stock worth $37,416,000 after buying an additional 36,351 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in British American Tobacco PLC by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 769,397 shares of the company’s stock worth $99,621,000 after buying an additional 29,533 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in British American Tobacco PLC during the second quarter worth approximately $3,503,000.

Shares of British American Tobacco PLC (NYSE:BTI) traded up 1.35% during midday trading on Thursday, reaching $127.56. The company had a trading volume of 96,511 shares. British American Tobacco PLC has a 12-month low of $99.81 and a 12-month high of $131.34. The company has a 50 day moving average of $126.31 and a 200 day moving average of $122.62. The firm has a market capitalization of $118.50 billion and a price-to-earnings ratio of 20.69.

A number of equities research analysts have recently commented on the company. Investec upgraded British American Tobacco PLC from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. Credit Agricole SA cut British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a research note on Thursday, July 7th. Berenberg Bank cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Barclays PLC cut British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 8th. Finally, Societe Generale cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $139.00.

About British American Tobacco PLC

British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.

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