Wright Investors Service Inc. Sells 1,160 Shares of British American Tobacco p.l.c. (BTI)

Wright Investors Service Inc. cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,386 shares of the company’s stock after selling 1,160 shares during the period. Wright Investors Service Inc.’s holdings in British American Tobacco p.l.c. were worth $643,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sit Investment Associates Inc. increased its stake in shares of British American Tobacco p.l.c. by 1.3% in the second quarter. Sit Investment Associates Inc. now owns 15,694 shares of the company’s stock worth $1,076,000 after buying an additional 194 shares during the period. Hays Advisory LLC increased its stake in shares of 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 worth $283,000 after buying an additional 199 shares during the period. Bollard Group LLC increased its stake in shares of British American Tobacco p.l.c. by 1.3% in the second quarter. Bollard Group LLC now owns 26,438 shares of the company’s stock worth $1,812,000 after buying an additional 338 shares during the period. Atria Investments LLC increased its stake in shares of 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 worth $279,000 after buying an additional 593 shares during the period. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in shares of British American Tobacco p.l.c. during the second quarter worth about $221,000. 4.46% of the stock is owned by institutional investors and hedge funds.

Shares of British American Tobacco p.l.c. (NYSE BTI) traded down 0.90% during mid-day trading on Friday, hitting $60.80. The company had a trading volume of 2,919,541 shares. The firm has a 50-day moving average of $66.28 and a 200-day moving average of $71.29. The company has a market cap of $112.97 billion, a PE ratio of 20.26 and a beta of 1.02. British American Tobacco p.l.c. has a 12 month low of $60.15 and a 12 month high of $130.40.

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

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A number of analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of British American Tobacco p.l.c. in a research note on Friday, August 11th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Thursday, August 3rd. UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.33.

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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