The Rathbone Brothers plc Boosts Position in British American Tobacco p.l.c. (BTI)

The Rathbone Brothers plc Boosts Position in British American Tobacco p.l.c. (BTI)

Rathbone Brothers plc boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 164.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,366 shares of the company’s stock after purchasing an additional 13,286 shares during the period. Rathbone Brothers plc’s holdings in British American Tobacco p.l.c. were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the business. FMR LLC raised its position in shares of British American Tobacco p.l.c. by 14.7% in the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after acquiring an additional 3,557,549 shares during the period. Goldman Sachs Group Inc. raised its position in shares of British American Tobacco p.l.c. by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after acquiring an additional 2,181,462 shares during the period. Balyasny Asset Management LLC raised its position in shares of British American Tobacco p.l.c. by 817.0% in the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after acquiring an additional 2,076,034 shares during the period. Northern Trust Corp raised its position in shares of British American Tobacco p.l.c. by 0.3% in the second quarter. Northern Trust Corp now owns 2,089,238 shares of the company’s stock worth $143,197,000 after acquiring an additional 7,233 shares during the period. Finally, Schafer Cullen Capital Management Inc. raised its position in shares of British American Tobacco p.l.c. by 1.0% in the second quarter. Schafer Cullen Capital Management Inc. now owns 1,278,569 shares of the company’s stock worth $87,633,000 after acquiring an additional 12,365 shares during the period. Institutional investors and hedge funds own 4.73% of the company’s stock.

A number of brokerages have weighed in on BTI. 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. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Thursday, August 3rd. UBS Group AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. 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 analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.00.

British American Tobacco p.l.c. (NYSE:BTI) traded up 1.247% on Thursday, hitting $65.335. 2,729,615 shares of the company traded hands. The stock’s 50-day moving average is $63.31 and its 200 day moving average is $66.58. British American Tobacco p.l.c. has a 12 month low of $52.71 and a 12 month high of $73.41. The stock has a market cap of $121.39 billion, a PE ratio of 21.793 and a beta of 1.06.

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).

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