65,563 Shares in British American Tobacco PLC (BTI) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA purchased a new position in shares of British American Tobacco PLC (NYSE:BTI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 65,563 shares of the company’s stock, valued at approximately $3,308,000.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of British American Tobacco by 60.7% during the 1st quarter. Russell Investments Group Ltd. now owns 12,934 shares of the company’s stock worth $746,000 after buying an additional 4,883 shares in the last quarter. BB&T Corp raised its holdings in shares of British American Tobacco by 11.7% during the 2nd quarter. BB&T Corp now owns 113,468 shares of the company’s stock worth $5,724,000 after buying an additional 11,925 shares in the last quarter. AMG National Trust Bank acquired a new position in shares of British American Tobacco during the 2nd quarter worth $2,158,000. Scout Investments Inc. raised its holdings in shares of British American Tobacco by 4.6% during the 2nd quarter. Scout Investments Inc. now owns 53,482 shares of the company’s stock worth $2,698,000 after buying an additional 2,365 shares in the last quarter. Finally, Usca Ria LLC raised its holdings in shares of British American Tobacco by 39.0% during the 1st quarter. Usca Ria LLC now owns 28,026 shares of the company’s stock worth $1,617,000 after buying an additional 7,865 shares in the last quarter. 8.43% of the stock is owned by institutional investors.

Shares of BTI opened at $53.15 on Tuesday. British American Tobacco PLC has a 12-month low of $48.00 and a 12-month high of $71.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut British American Tobacco from a “hold” rating to a “sell” rating in a report on Monday, June 4th. Piper Jaffray Companies cut British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. British American Tobacco currently has a consensus rating of “Hold” and a consensus price target of $79.00.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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