British American Tobacco p.l.c. (BTI) Holdings Increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 18,279.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,311,827 shares of the company’s stock after buying an additional 2,299,249 shares during the period. Epoch Investment Partners Inc. owned about 0.10% of British American Tobacco worth $144,374,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Verity & Verity LLC increased its stake in shares of British American Tobacco by 61.1% during the third quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock valued at $2,169,000 after buying an additional 13,174 shares during the period. Oppenheimer Asset Management Inc. grew its stake in British American Tobacco by 12.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 116,556 shares of the company’s stock valued at $7,989,000 after purchasing an additional 12,748 shares during the last quarter. Pictet Asset Management Ltd. purchased a new position in British American Tobacco in the third quarter valued at about $23,599,000. CIBC World Markets Inc. grew its stake in British American Tobacco by 99.3% in the second quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock valued at $2,595,000 after purchasing an additional 18,863 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in British American Tobacco by 19.6% in the second quarter. Alliancebernstein L.P. now owns 434,317 shares of the company’s stock valued at $29,768,000 after purchasing an additional 71,216 shares during the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at $64.74 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87. British American Tobacco p.l.c. has a twelve month low of $54.54 and a twelve month high of $73.41.

Several equities analysts have issued reports on BTI shares. Jefferies Group set a $78.00 target price on British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday, August 15th. Cowen raised British American Tobacco from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.25.

WARNING: “British American Tobacco p.l.c. (BTI) Holdings Increased by Epoch Investment Partners Inc.” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/12/04/british-american-tobacco-p-l-c-bti-holdings-increased-by-epoch-investment-partners-inc.html.

About British American Tobacco

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).

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI).

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

What are top analysts saying about British American Tobacco p.l.c.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for British American Tobacco p.l.c. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit