Intrust Bank NA reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,948 shares of the company’s stock after selling 4 shares during the period. Intrust Bank NA’s holdings in British American Tobacco p.l.c. were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC raised its holdings in British American Tobacco p.l.c. by 439.0% in the second quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares during the last quarter. GAM Holding AG raised its holdings in British American Tobacco p.l.c. by 60.0% in the second quarter. GAM Holding AG now owns 16,000 shares of the company’s stock worth $1,095,000 after buying an additional 6,000 shares during the last quarter. First Personal Financial Services raised its holdings in British American Tobacco p.l.c. by 211.5% in the second quarter. First Personal Financial Services now owns 2,925 shares of the company’s stock worth $200,000 after buying an additional 1,986 shares during the last quarter. Ballentine Partners LLC purchased a new position in British American Tobacco p.l.c. in the second quarter worth about $228,000. Finally, GW Henssler & Associates Ltd. raised its holdings in British American Tobacco p.l.c. by 4.4% in the second quarter. GW Henssler & Associates Ltd. now owns 53,040 shares of the company’s stock worth $3,635,000 after buying an additional 2,224 shares during the last quarter. 4.65% of the stock is owned by institutional investors. 

Several research firms have recently weighed in on BTI. Zacks Investment Research raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Monday, August 28th. 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. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Investec raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Shares of British American Tobacco p.l.c. (BTI) opened at 63.39 on Thursday. The company has a market capitalization of $117.78 billion, a price-to-earnings ratio of 21.58 and a beta of 1.05. The company’s 50-day moving average is $63.50 and its 200 day moving average is $66.88. British American Tobacco p.l.c. has a 12 month low of $52.71 and a 12 month high of $73.41.

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

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).