Economia

British American Tobacco PLC

British American Tobacco PLC

Cumberland Partners Ltd increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the second quarter, Holdings Channel reports.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. United States Steel & Carnegie Pension Fund boosted its position in British American Tobacco p.l.c.by 320.6% in the first 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. Keystone Financial Planning Inc.'s holdings in British American Tobacco p.l.c. were worth $5,621,000 as of its most recent SEC filing. FMR LLC now owns 27,727,365 shares of the company's stock worth $1,900,434,000 after buying an additional 3,557,549 shares during the period.

About British American Tobacco p.l.c. Finally, Huntington National Bank increased its position in shares of British American Tobacco p.l.c.by 41.1% in the second 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.

Shares of the company are trading at $62.91 which is quite a bit below the 50 day moving average of $67.33 and well below the 200 day moving average of $73.44. The company's market capitalization is GBX 90.22 billion. The 50 day moving average was down $-4.42 and the 200 day average went down by -14.34%. British American Tobacco plc has a 12-month low of GBX 2,879.89 and a 12-month high of GBX 5,643.60. Stockholders of record on Friday, August 18th will be paid a $0.728 dividend. The ex-dividend date is Wednesday, August 16th. This represents a dividend yield of 1.06%. If you are accessing this piece on another website, it was illegally copied and republished in violation of worldwide copyright & trademark laws. If you are reading this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/08/12/british-american-tobacco-plc-bti-stake-decreased-by-north-american-management-corp-updated-updated-updated.html.

Several research analysts have commented on the stock.

British American Tobacco p.l.c.is a tobacco and next generation products company. Citigroup Inc. reiterated a "buy" rating and set a GBX 6,000 ($78.14) price target on shares of British American Tobacco plc in a research report on Tuesday, May 9th. Finally, Bank of America Corporation set a $79.00 target price on shares of British American Tobacco PLC and gave the stock a "buy" rating in a report on Thursday, July 6th. UBS AG restated a "buy" rating on shares of British American Tobacco p.l.c.in a research report on Tuesday, August 1st. J P Morgan Chase & Co reissued an "overweight" rating on shares of British American Tobacco p.l.c.in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company now has an average rating of "Buy" and an average price target of $71.00.

About British American Tobacco p.l.c. Piper Jaffray Companies initiated coverage on British American Tobacco PLC in a research report on Thursday, May 25th. The Business's tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus.