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

Traders sold shares of British American Tobacco p.l.c. (NYSE:BTI) on strength during trading on Friday. $36.78 million flowed into the stock on the tick-up and $69.74 million flowed out of the stock on the tick-down, for a money net flow of $32.96 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 $0.95 for the day and closed at $62.33

Several brokerages have recently issued reports on BTI. 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. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Thursday, August 3rd. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. 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. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.00.

The company has a market capitalization of $115.81 billion, a P/E ratio of 20.79 and a beta of 1.06. The stock has a 50-day moving average of $62.42 and a 200 day moving average of $66.73.

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

Several institutional investors have recently bought and sold shares of BTI. FMR LLC raised its position in shares of British American Tobacco p.l.c. by 14.7% during the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock valued at $1,900,434,000 after buying an additional 3,557,549 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of British American Tobacco p.l.c. by 16.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock valued at $1,064,590,000 after buying an additional 2,181,462 shares in the last quarter. Balyasny Asset Management LLC raised its position in shares of British American Tobacco p.l.c. by 817.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock valued at $159,709,000 after buying an additional 2,076,034 shares in the last quarter. United States Steel & Carnegie Pension Fund raised its position in shares of 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 buying an additional 485,100 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of 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 buying an additional 171,206 shares in the last quarter. Hedge funds and other institutional investors own 4.65% of the company’s stock.

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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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