Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,481 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in British American Tobacco by 1,509.0% during the third quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after buying an additional 7,533,669 shares during the period. FMR LLC raised its holdings in shares of British American Tobacco by 14.7% in the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after purchasing an additional 3,557,549 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of British American Tobacco by 16.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after purchasing an additional 2,181,462 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of British American Tobacco by 817.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after purchasing an additional 2,076,034 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of British American Tobacco in the 3rd quarter worth about $44,862,000. 9.35% of the stock is currently owned by institutional investors.

BTI has been the subject of a number of recent research reports. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, August 28th. Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. 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. Finally, BidaskClub lowered British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.25.

British American Tobacco p.l.c. (NYSE:BTI) opened at $65.46 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. British American Tobacco p.l.c. has a 12-month low of $54.58 and a 12-month high of $73.41.

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British American Tobacco 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 (NYSE:BTI)

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