Lincoln National Corp Takes $580,000 Position in British American Tobacco p.l.c. (BTI)

Lincoln National Corp acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,297 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors have also made changes to their positions in the business. Oppenheimer Asset Management Inc. grew its position in shares of 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 worth $7,989,000 after buying an additional 12,748 shares in the last quarter. CIBC World Markets Inc. grew its position in shares of 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 worth $2,595,000 after buying an additional 18,863 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of 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 worth $29,768,000 after buying an additional 71,216 shares in the last quarter. GAM Holding AG grew its position in shares of 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 worth $1,095,000 after buying an additional 6,000 shares in the last quarter. Finally, Founders Capital Management bought a new position in shares of British American Tobacco p.l.c. during the 3rd quarter worth $953,000. 4.80% of the stock is currently owned by institutional investors.

British American Tobacco p.l.c. (NYSE BTI) traded up $0.64 during trading on Friday, reaching $65.35. The company’s stock had a trading volume of 1,470,745 shares, compared to its average volume of 2,282,623. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48. British American Tobacco p.l.c. has a 52 week low of $52.71 and a 52 week high of $73.41.

A number of research firms have recently issued reports on BTI. Goldman Sachs Group, Inc. (The) raised British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Cowen and Company raised British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Wednesday, August 9th. Finally, Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research 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 price target of $69.00.

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British American Tobacco p.l.c. Company 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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