Investors Sell British American Tobacco p.l.c. (BTI) on Strength (BTI)

Investors sold shares of British American Tobacco p.l.c. (NYSE:BTI) on strength during trading hours on Monday. $16.50 million flowed into the stock on the tick-up and $39.92 million flowed out of the stock on the tick-down, for a money net flow of $23.42 million out of the stock. Of all equities tracked, British American Tobacco p.l.c. had the 0th highest net out-flow for the day. British American Tobacco p.l.c. traded up $0.86 for the day and closed at $63.19

BTI has been the topic of several recent research reports. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies restated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. UBS AG restated a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.00.

The firm has a market cap of $120.29 billion, a PE ratio of 21.59 and a beta of 1.06. The stock has a 50-day moving average of $62.58 and a 200-day moving average of $66.74.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in BTI. United States Steel & Carnegie Pension Fund lifted its holdings in British American Tobacco p.l.c. by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock valued at $42,206,000 after buying an additional 485,100 shares during the period. Atria Investments LLC lifted its holdings in British American Tobacco p.l.c. by 17.1% in the second quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock valued at $279,000 after buying an additional 593 shares during the period. RB Capital Management LLC acquired a new position in British American Tobacco p.l.c. in the second quarter valued at approximately $306,000. Smith Shellnut Wilson LLC ADV acquired a new position in British American Tobacco p.l.c. in the second quarter valued at approximately $221,000. Finally, Hays Advisory LLC lifted its holdings in British American Tobacco p.l.c. by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock valued at $283,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 4.65% of the company’s stock.

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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).

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