North American Management Corp lowered its position in shares of British American Tobacco PLC (NYSE:BTI) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 107,079 shares of the company’s stock after selling 6,583 shares during the period. British American Tobacco PLC accounts for about 1.2% of North American Management Corp’s holdings, making the stock its 28th largest position. North American Management Corp’s holdings in British American Tobacco PLC were worth $7,339,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BTI. Hays Advisory LLC boosted its stake in shares of British American Tobacco PLC by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock worth $283,000 after buying an additional 199 shares during the period. Atria Investments LLC boosted its position in shares of British American Tobacco PLC 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. Smith Shellnut Wilson LLC ADV purchased a new position in shares of British American Tobacco PLC during the second quarter worth about $221,000. RB Capital Management LLC purchased a new position in shares of British American Tobacco PLC during the second quarter worth about $306,000. Finally, United States Steel & Carnegie Pension Fund boosted its position in shares of British American Tobacco PLC by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock worth $42,206,000 after buying an additional 485,100 shares during the last quarter.

British American Tobacco PLC (NYSE BTI) traded down 0.45% during trading on Monday, reaching $68.97. 2,591,960 shares of the company’s stock traded hands. British American Tobacco PLC has a one year low of $52.71 and a one year high of $73.41. The firm has a market cap of $128.23 billion and a price-to-earnings ratio of 21.27. The company has a 50 day moving average of $70.96 and a 200 day moving average of $82.95.

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A number of brokerages recently issued reports on BTI. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco PLC and gave the stock a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research cut shares of British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Piper Jaffray Companies began coverage on shares of British American Tobacco PLC in a research note on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price target on the stock. Finally, Exane BNP Paribas upgraded shares of British American Tobacco PLC to an “outperform” rating in a research note on Thursday, April 6th.

About British American Tobacco PLC

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 PLC (NYSE:BTI)

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