Eaton Vance Management decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,379 shares of the company’s stock after selling 234 shares during the quarter. Eaton Vance Management’s holdings in British American Tobacco p.l.c. were worth $711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTI. United States Steel & Carnegie Pension Fund grew its stake in shares of British American Tobacco p.l.c. by 320.6% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock worth $42,206,000 after acquiring an additional 485,100 shares in the last quarter. Atria Investments LLC grew its stake in shares of British American Tobacco p.l.c. by 17.1% in the 2nd quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock worth $279,000 after acquiring an additional 593 shares in the last quarter. RB Capital Management LLC bought a new stake in shares of British American Tobacco p.l.c. in the 2nd quarter worth $306,000. Smith Shellnut Wilson LLC ADV bought a new stake in shares of British American Tobacco p.l.c. in the 2nd quarter worth $221,000. Finally, Hays Advisory LLC grew its stake in shares of British American Tobacco p.l.c. by 5.1% in the 2nd quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock worth $283,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 4.65% of the company’s stock.

Several analysts have recently issued reports on the stock. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Wednesday, August 9th. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research note 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 note 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 note on Friday, August 11th. 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.00.

British American Tobacco p.l.c. (BTI) opened at 62.23 on Monday. The stock has a market capitalization of $115.62 billion, a P/E ratio of 20.76 and a beta of 1.05. The company has a 50 day moving average of $62.96 and a 200-day moving average of $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 business also recently declared a None dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, August 18th will be issued a dividend of $0.728 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a dividend yield of 2.28%.

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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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