Investors sold shares of British American Tobacco p.l.c. (NYSE:BTI) on strength during trading on Monday. $29.02 million flowed into the stock on the tick-up and $60.10 million flowed out of the stock on the tick-down, for a money net flow of $31.08 million out of the stock. Of all stocks tracked, British American Tobacco p.l.c. had the 19th highest net out-flow for the day. British American Tobacco p.l.c. traded up $0.64 for the day and closed at $61.44

A number of research firms have issued reports on BTI. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Wednesday, August 9th. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco p.l.c. in a research report on Friday, August 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $69.33.

The firm has a market cap of $114.16 billion, a P/E ratio of 20.78 and a beta of 1.02. The company has a 50-day moving average of $66.28 and a 200 day moving average of $71.29.

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

Several hedge funds have recently made changes to their positions in BTI. Prospera Financial Services Inc acquired a new stake in shares of British American Tobacco p.l.c. during the second quarter worth approximately $378,000. Hays Advisory LLC raised its stake in shares of 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. Huntington National Bank raised 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 in the last quarter. RB Capital Management LLC acquired a new stake in shares of British American Tobacco p.l.c. during the second quarter worth approximately $306,000. Finally, United States Steel & Carnegie Pension Fund raised its stake in shares of British American Tobacco p.l.c. 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 in the last quarter. 4.46% of the stock is currently owned by institutional investors and hedge funds.

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About British American Tobacco p.l.c.

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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