British American Tobacco p.l.c. (BTI) Holdings Increased by BB&T Investment Services Inc.

BB&T Investment Services Inc. boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 625.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618 shares of the company’s stock after purchasing an additional 1,395 shares during the quarter. BB&T Investment Services Inc.’s holdings in British American Tobacco were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BTI. Bank of New York Mellon Corp raised its position in shares of British American Tobacco by 1,509.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock valued at $501,659,000 after buying an additional 7,533,669 shares in the last quarter. Evercore Trust Company N.A. bought a new position in shares of British American Tobacco during the 3rd quarter valued at $331,037,000. FMR LLC grew its holdings in shares of British American Tobacco by 14.7% during the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock valued at $1,900,434,000 after purchasing an additional 3,557,549 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in shares of British American Tobacco during the 3rd quarter valued at $183,498,000. Finally, Legal & General Group Plc bought a new position in shares of British American Tobacco during the 3rd quarter valued at $180,398,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

BTI has been the topic of several recent research reports. Zacks Investment Research lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, August 25th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Wednesday, August 9th. Cowen raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. Goldman Sachs Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. Finally, Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. British American Tobacco has an average rating of “Buy” and an average price target of $71.25.

British American Tobacco p.l.c. (NYSE:BTI) opened at $65.46 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $54.58 and a twelve month high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

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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).

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

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