Duff & Phelps Investment Management Co. decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 90,759 shares of the company’s stock after selling 310 shares during the period. Duff & Phelps Investment Management Co.’s holdings in British American Tobacco p.l.c. were worth $6,218,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in British American Tobacco p.l.c. by 1.3% in the second quarter. Sit Investment Associates Inc. now owns 15,694 shares of the company’s stock worth $1,076,000 after buying an additional 194 shares in the last quarter. Hays Advisory LLC increased its stake in British American Tobacco p.l.c. 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 in the last quarter. Naples Global Advisors LLC increased its stake in British American Tobacco p.l.c. by 2.4% in the second quarter. Naples Global Advisors LLC now owns 12,560 shares of the company’s stock worth $861,000 after buying an additional 300 shares in the last quarter. Bollard Group LLC increased its stake in British American Tobacco p.l.c. by 1.3% in the second quarter. Bollard Group LLC now owns 26,438 shares of the company’s stock worth $1,812,000 after buying an additional 338 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 5.55% of the company’s stock.

Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at 62.91 on Friday. British American Tobacco p.l.c. has a 52 week low of $60.15 and a 52 week high of $130.40. The stock has a 50 day moving average of $67.33 and a 200 day moving average of $73.44. The firm has a market cap of $116.89 billion, a P/E ratio of 20.96 and a beta of 1.02.

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

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A number of research firms have weighed in on BTI. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco p.l.c. in a research note on Friday. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Thursday, August 3rd. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. British American Tobacco p.l.c. 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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