British American Tobacco p.l.c. (BTI) Stake Lifted by Bollard Group LLC

Bollard Group LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,609 shares of the company’s stock after purchasing an additional 1,171 shares during the period. Bollard Group LLC’s holdings in British American Tobacco p.l.c. were worth $1,724,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BTI. FMR LLC increased its stake in shares of British American Tobacco p.l.c. by 14.7% during the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after purchasing an additional 3,557,549 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of British American Tobacco p.l.c. by 16.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after purchasing an additional 2,181,462 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of British American Tobacco p.l.c. by 817.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after purchasing an additional 2,076,034 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of British American Tobacco p.l.c. during the 3rd quarter worth about $41,876,000. Finally, State Treasurer State of Michigan acquired a new position in shares of British American Tobacco p.l.c. during the 3rd quarter worth about $24,588,000. Institutional investors own 4.80% of the company’s stock.

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Several research firms have recently weighed in on BTI. Goldman Sachs Group, Inc. (The) upgraded shares of British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Cowen and Company upgraded shares of British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Wednesday, August 9th. Finally, Investec upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $69.00.

Shares of British American Tobacco p.l.c. (NYSE:BTI) traded down 0.05% on Tuesday, reaching $64.59. 812,076 shares of the company were exchanged. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41. The firm has a market capitalization of $120.01 billion, a PE ratio of 21.65 and a beta of 1.06. The company’s 50 day moving average is $63.43 and its 200 day moving average is $66.53.

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).

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

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