Guardian Capital Advisors LP lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,666 shares of the company’s stock after selling 1,005 shares during the period. Guardian Capital Advisors LP’s holdings in British American Tobacco p.l.c. were worth $4,073,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 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 valued at $7,989,000 after buying an additional 12,748 shares during 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 valued at $2,595,000 after buying an additional 18,863 shares during 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 valued at $29,768,000 after buying an additional 71,216 shares during 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 valued at $1,095,000 after buying an additional 6,000 shares during the last quarter. Finally, WBI Investments Inc. bought a new stake in shares of British American Tobacco p.l.c. during the 2nd quarter valued at about $7,805,000. 4.65% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of British American Tobacco p.l.c. in a research report on Friday, August 11th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. SBG Securities raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. British American Tobacco p.l.c. has a consensus rating of “Buy” and a consensus price target of $69.00.

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Shares of British American Tobacco p.l.c. (BTI) traded down 0.08% during midday trading on Friday, hitting $62.45. 1,786,475 shares of the company were exchanged. The stock has a market cap of $116.03 billion, a PE ratio of 20.83 and a beta of 1.05. British American Tobacco p.l.c. has a one year low of $52.71 and a one year high of $73.41. The stock’s 50-day moving average is $62.96 and its 200-day moving average is $66.86.

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

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).

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

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