State of New Jersey Common Pension Fund D Buys Shares of 310,866 British American Tobacco p.l.c. (BTI)

State of New Jersey Common Pension Fund D bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 310,866 shares of the company’s stock, valued at approximately $19,414,000.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its holdings in British American Tobacco p.l.c. by 12.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 116,556 shares of the company’s stock valued at $7,989,000 after buying an additional 12,748 shares during the last quarter. CIBC World Markets Inc. grew its holdings in British American Tobacco p.l.c. by 99.3% during the 2nd quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock valued at $2,595,000 after buying an additional 18,863 shares during the last quarter. Alliancebernstein L.P. grew its holdings in British American Tobacco p.l.c. by 19.6% during the 2nd quarter. Alliancebernstein L.P. now owns 434,317 shares of the company’s stock valued at $29,768,000 after buying an additional 71,216 shares during the last quarter. GAM Holding AG grew its holdings in British American Tobacco p.l.c. by 60.0% during the 2nd quarter. GAM Holding AG now owns 16,000 shares of the company’s stock valued at $1,095,000 after buying an additional 6,000 shares during the last quarter. Finally, WBI Investments Inc. acquired a new stake in British American Tobacco p.l.c. during the 2nd quarter valued at $7,805,000. Hedge funds and other institutional investors own 4.80% of the company’s stock.

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A number of equities research analysts have commented on the company. Goldman Sachs Group, Inc. (The) upgraded British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. Cowen and Company upgraded British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. Zacks Investment Research cut British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, September 15th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. 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 nine have issued a buy rating to the company. British American Tobacco p.l.c. presently has an average rating of “Buy” and a consensus target price of $69.00.

British American Tobacco p.l.c. (NYSE:BTI) opened at 65.58 on Monday. The firm’s 50 day moving average price is $63.43 and its 200-day moving average price is $66.57. The stock has a market cap of $121.85 billion, a price-to-earnings ratio of 21.87 and a beta of 1.06. British American Tobacco p.l.c. has a 52 week low of $52.71 and a 52 week high of $73.41.

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

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