Raymond James Trust N.A. Has $2.46 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Raymond James Trust N.A. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,212 shares of the company’s stock after selling 2,889 shares during the period. Raymond James Trust N.A.’s holdings in British American Tobacco were worth $2,455,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BTI. GQG Partners LLC acquired a new stake in shares of British American Tobacco in the 4th quarter valued at $567,732,000. JPMorgan Chase & Co. lifted its stake in shares of British American Tobacco by 8,377.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,912,004 shares of the company’s stock valued at $122,770,000 after purchasing an additional 2,877,653 shares during the last quarter. Skye Global Management LP lifted its stake in shares of British American Tobacco by 109.9% in the 4th quarter. Skye Global Management LP now owns 4,198,000 shares of the company’s stock valued at $157,047,000 after purchasing an additional 2,198,000 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of British American Tobacco by 20.0% in the 1st quarter. Bank of America Corp DE now owns 7,132,011 shares of the company’s stock valued at $300,686,000 after purchasing an additional 1,189,386 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock valued at $400,788,000 after purchasing an additional 1,060,090 shares during the last quarter. Institutional investors and hedge funds own 6.70% of the company’s stock.

British American Tobacco Trading Up 0.6 %

Shares of BTI opened at $39.07 on Friday. British American Tobacco p.l.c. has a one year low of $33.62 and a one year high of $47.24. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average price is $40.38 and its 200 day moving average price is $41.74.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BTI. Morgan Stanley lifted their price objective on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a research note on Tuesday, July 5th. Barclays lifted their target price on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a report on Tuesday, June 7th. UBS Group lifted their target price on shares of British American Tobacco from GBX 3,600 ($43.50) to GBX 3,800 ($45.92) in a report on Tuesday, May 31st. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Thursday.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

See Also

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

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