Raymond James Trust N.A. Has $1.05 Million Stake in British American Tobacco p.l.c. (BTI)

Raymond James Trust N.A. increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,331 shares of the company’s stock after acquiring an additional 277 shares during the period. Raymond James Trust N.A.’s holdings in British American Tobacco p.l.c. were worth $1,051,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BTI. United States Steel & Carnegie Pension Fund boosted its stake in British American Tobacco p.l.c. by 320.6% during the 1st quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock valued at $42,206,000 after purchasing an additional 485,100 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in British American Tobacco p.l.c. by 312.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 225,942 shares of the company’s stock valued at $15,487,000 after purchasing an additional 171,206 shares during the period. Alliancebernstein L.P. boosted its stake in 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 purchasing an additional 71,216 shares during the period. Aperio Group LLC boosted its stake in British American Tobacco p.l.c. by 11.9% during the 2nd quarter. Aperio Group LLC now owns 443,711 shares of the company’s stock valued at $30,412,000 after purchasing an additional 47,025 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in British American Tobacco p.l.c. by 8.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 499,255 shares of the company’s stock valued at $34,219,000 after purchasing an additional 39,669 shares during the period. Hedge funds and other institutional investors own 4.65% of the company’s stock.

Shares of British American Tobacco p.l.c. (NYSE:BTI) traded down 0.02% during mid-day trading on Wednesday, reaching $63.65. The company had a trading volume of 293,685 shares. The company has a market capitalization of $118.26 billion, a price-to-earnings ratio of 21.67 and a beta of 1.05. The firm’s 50-day moving average is $63.66 and its 200 day moving average is $66.89. British American Tobacco p.l.c. has a 12 month low of $52.71 and a 12 month high of $73.41.

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

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BTI has been the subject of several recent analyst reports. Piper Jaffray Companies initiated coverage on British American Tobacco p.l.c. in a research note on Thursday, May 25th. They set an “overweight” rating and a $59.00 target price for the company. Zacks Investment Research downgraded British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Bank of America Corporation set a $79.00 target price on British American Tobacco p.l.c. and gave the company a “buy” rating in a research note on Thursday, July 6th. SBG Securities upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, UBS AG restated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $69.00.

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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