British American Tobacco p.l.c. (BTI) Holdings Boosted by First Trust Advisors LP

First Trust Advisors LP raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,374 shares of the company’s stock after buying an additional 23,348 shares during the quarter. First Trust Advisors LP’s holdings in British American Tobacco p.l.c. were worth $24,816,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in British American Tobacco p.l.c. by 12.3% in 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 period. CIBC World Markets Inc. increased its holdings in British American Tobacco p.l.c. by 99.3% in 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 period. Alliancebernstein L.P. increased its holdings in British American Tobacco p.l.c. by 19.6% in 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 period. GAM Holding AG increased its holdings in British American Tobacco p.l.c. by 60.0% in 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 period. Finally, Founders Capital Management bought a new position in British American Tobacco p.l.c. in the 3rd quarter valued at about $953,000. 4.80% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have commented on BTI. J P Morgan Chase & Co reissued 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 target price on shares of British American Tobacco p.l.c. and gave the company a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of British American Tobacco p.l.c. in a report on Friday, August 11th. Finally, SBG Securities raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average 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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