Marshall Wace North America L.P. reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 22.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,286 shares of the company’s stock after selling 25,150 shares during the period. Marshall Wace North America L.P.’s holdings in British American Tobacco p.l.c. were worth $6,023,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of British American Tobacco p.l.c. by 50.2% in the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after buying an additional 688 shares during the period. Huntington National Bank raised its stake in shares of British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after buying an additional 788 shares during the period. First Personal Financial Services raised its stake in shares of British American Tobacco p.l.c. by 211.5% in the second quarter. First Personal Financial Services now owns 2,925 shares of the company’s stock valued at $200,000 after buying an additional 1,986 shares during the period. Aviance Capital Partners LLC bought a new stake in shares of British American Tobacco p.l.c. during the second quarter valued at about $214,000. Finally, IFP Advisors Inc raised its stake in shares of British American Tobacco p.l.c. by 14.0% in the second quarter. IFP Advisors Inc now owns 3,137 shares of the company’s stock valued at $215,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 4.65% of the company’s stock.

British American Tobacco p.l.c. (NYSE BTI) opened at 61.91 on Tuesday. The firm has a 50-day moving average of $65.41 and a 200 day moving average of $69.06. 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 $115.03 billion, a price-to-earnings ratio of 20.94 and a beta of 1.02.

The firm also recently announced a None dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th will be paid a dividend of $0.728 per share. The ex-dividend date is Wednesday, August 16th. This represents a yield of 2.28%.

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Several brokerages have recently issued reports on BTI. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Thursday, August 3rd. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of British American Tobacco p.l.c. in a research report on Friday, August 11th. Finally, Piper Jaffray Companies began coverage on shares of British American Tobacco p.l.c. in a research report on Thursday, May 25th. They set an “overweight” rating and a $59.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.00.

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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