Stephens Inc. AR boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,138 shares of the company’s stock after buying an additional 1,640 shares during the quarter. Stephens Inc. AR’s holdings in British American Tobacco p.l.c. were worth $2,271,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Financial Counselors Inc. increased its holdings in British American Tobacco p.l.c. by 2.5% in the second quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock valued at $369,000 after buying an additional 131 shares during the last quarter. Jackson Wealth Management LLC bought a new position in shares of British American Tobacco p.l.c. during the second quarter valued at approximately $1,656,000. Alliancebernstein L.P. grew its holdings in shares of British American Tobacco p.l.c. by 19.6% during the second quarter. Alliancebernstein L.P. now owns 434,317 shares of the company’s stock valued at $29,768,000 after purchasing an additional 71,216 shares during the last quarter. CIBC World Markets Inc. grew its holdings in shares of British American Tobacco p.l.c. by 99.3% during the second quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock valued at $2,595,000 after purchasing an additional 18,863 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of British American Tobacco p.l.c. by 312.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 225,942 shares of the company’s stock valued at $15,487,000 after purchasing an additional 171,206 shares during the last quarter. 4.65% of the stock is owned by hedge funds and other institutional investors.

BTI has been the subject of several recent research reports. Zacks Investment Research lowered British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. British American Tobacco p.l.c. has an average rating of “Buy” and an average target price of $69.00.

Shares of British American Tobacco p.l.c. (BTI) opened at 63.39 on Thursday. The company has a market capitalization of $117.78 billion, a PE ratio of 21.58 and a beta of 1.05. The firm’s 50-day moving average is $63.50 and its 200-day moving average is $66.88. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41.

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

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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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