Wetherby Asset Management Inc. boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 21,700 shares of the company’s stock after buying an additional 998 shares during the period. Wetherby Asset Management Inc.’s holdings in British American Tobacco p.l.c. were worth $1,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BTI. Grove Bank & Trust boosted its stake in shares of British American Tobacco p.l.c. by 50.2% in the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares during the period. Huntington National Bank boosted its stake in shares of British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock worth $185,000 after buying an additional 788 shares during the period. Aviance Capital Partners LLC purchased a new stake in shares of British American Tobacco p.l.c. during the second quarter worth approximately $214,000. IFP Advisors Inc boosted its stake in shares of British American Tobacco p.l.c. by 14.0% in the second quarter. IFP Advisors Inc now owns 3,137 shares of the company’s stock worth $215,000 after buying an additional 386 shares during the period. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in shares of British American Tobacco p.l.c. during the second quarter worth approximately $221,000. 5.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at 64.48 on Thursday. British American Tobacco p.l.c. has a 12 month low of $60.15 and a 12 month high of $130.40. The company has a market cap of $119.80 billion, a PE ratio of 21.49 and a beta of 1.02. The firm’s 50-day moving average is $67.76 and its 200-day moving average is $73.92.

The company also recently declared a None dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th will be issued a $0.728 dividend. This represents a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 16th.

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A number of brokerages have commented on BTI. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Thursday, August 3rd. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the company a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research cut shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Piper Jaffray Companies began coverage on shares of British American Tobacco p.l.c. in a research report on Thursday, May 25th. They set an “overweight” rating and a $59.00 price target on the stock. Finally, SBG Securities raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. British American Tobacco p.l.c. currently has an average rating of “Buy” and a consensus price target of $71.00.

British American Tobacco p.l.c. Company 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 p.l.c. (NYSE:BTI)

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