Schafer Cullen Capital Management Inc. Purchases 12,365 Shares of British American Tobacco p.l.c. (BTI)

Schafer Cullen Capital Management Inc. raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,278,569 shares of the company’s stock after purchasing an additional 12,365 shares during the period. Schafer Cullen Capital Management Inc. owned about 0.07% of British American Tobacco p.l.c. worth $87,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BTI. FTB Advisors Inc. lifted its holdings in British American Tobacco p.l.c. by 10.7% in the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock valued at $117,000 after purchasing an additional 174 shares in the last quarter. Grove Bank & Trust lifted its holdings in British American Tobacco p.l.c. by 50.2% in the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after purchasing an additional 688 shares in the last quarter. Parallel Advisors LLC lifted its holdings in British American Tobacco p.l.c. by 439.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock valued at $157,000 after purchasing an additional 2,050 shares in the last quarter. Quantbot Technologies LP purchased a new position in British American Tobacco p.l.c. in the 2nd quarter valued at about $170,000. Finally, Huntington National Bank lifted its holdings in British American Tobacco p.l.c. by 41.1% in the 2nd quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after purchasing an additional 788 shares in the last quarter. Institutional investors own 4.65% of the company’s stock.

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A number of research analysts have issued reports on the stock. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Thursday, August 3rd. Bank of America Corporation set a $79.00 price objective on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a 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 objective on the stock in a report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco p.l.c. in a report on Friday, August 11th. Finally, SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $69.00.

The company also recently declared a None dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, August 18th were issued a dividend of $0.728 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a dividend yield of 2.28%.

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).

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

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