Traders Buy Shares of British American Tobacco p.l.c. (BTI) on Weakness

Traders purchased shares of British American Tobacco p.l.c. (NYSE:BTI) on weakness during trading hours on Monday. $215.14 million flowed into the stock on the tick-up and $135.38 million flowed out of the stock on the tick-down, for a money net flow of $79.76 million into the stock. Of all stocks tracked, British American Tobacco p.l.c. had the 6th highest net in-flow for the day. British American Tobacco p.l.c. traded down ($2.30) for the day and closed at $69.25

Several equities analysts recently weighed in on BTI shares. Bank of America Corporation set a $79.00 price target on British American Tobacco p.l.c. and gave the company a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research cut British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, June 16th. SBG Securities upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Piper Jaffray Companies started coverage on British American Tobacco p.l.c. in a report on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price objective on the stock. Finally, Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $69.33.

The company’s 50-day moving average price is $66.28 and its 200-day moving average price is $71.29. The firm has a market cap of $112.97 billion, a PE ratio of 20.26 and a beta of 1.02.

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

Several hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in 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 valued at $1,900,434,000 after buying an additional 3,557,549 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in 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 valued at $1,064,590,000 after buying an additional 2,181,462 shares in the last quarter. Balyasny Asset Management LLC increased its stake in 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 valued at $159,709,000 after buying an additional 2,076,034 shares in the last quarter. Northern Trust Corp increased its stake in 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 valued at $143,197,000 after buying an additional 7,233 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc. increased its stake in 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 valued at $87,633,000 after buying an additional 12,365 shares in the last quarter. 4.46% of the stock is owned by institutional investors and hedge funds.

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About British American Tobacco p.l.c.

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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