M&T Bank Corp grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,148 shares of the company’s stock after purchasing an additional 6,229 shares during the quarter. M&T Bank Corp’s holdings in British American Tobacco p.l.c. were worth $4,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiera Capital Corp grew its holdings in British American Tobacco p.l.c. by 1.8% in the second quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock worth $225,000 after purchasing an additional 59 shares during the last quarter. Financial Counselors Inc. grew 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 worth $369,000 after purchasing an additional 131 shares during the last quarter. Sit Investment Associates Inc. grew its holdings 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 purchasing an additional 194 shares during the last quarter. Hays Advisory LLC grew its holdings 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 purchasing an additional 199 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in British American Tobacco p.l.c. by 7.5% in the second quarter. MML Investors Services LLC now owns 3,809 shares of the company’s stock worth $261,000 after purchasing an additional 267 shares during the last quarter. 4.65% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on BTI. Zacks Investment Research lowered shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of British American Tobacco p.l.c. in a report on Friday, August 11th. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Investec raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $69.00.

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Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at 62.23 on Friday. The stock’s 50 day moving average is $62.96 and its 200-day moving average is $66.86. British American Tobacco p.l.c. has a one year low of $52.71 and a one year high of $73.41. The stock has a market capitalization of $115.62 billion, a price-to-earnings ratio of 20.76 and a beta of 1.05.

The business also recently announced a None dividend, which will be paid on Tuesday, October 3rd. Investors 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.

British American Tobacco p.l.c. 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).

Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

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