Traders Sell Shares of 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 Thursday. $46.06 million flowed into the stock on the tick-up and $102.28 million flowed out of the stock on the tick-down, for a money net flow of $56.22 million out of the stock. Of all stocks 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 $1.14 for the day and closed at $65.19

A number of equities analysts recently commented on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Thursday. Bank of America Corporation set a $79.00 price objective on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Piper Jaffray Companies assumed coverage on shares of British American Tobacco p.l.c. in a research note on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price objective for the company. Finally, SBG Securities raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. British American Tobacco p.l.c. currently has a consensus rating of “Buy” and a consensus price target of $71.00.

The stock has a market capitalization of $122.39 billion, a PE ratio of 22.36 and a beta of 1.02. The company has a 50-day moving average price of $68.79 and a 200-day moving average price of $75.53.

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 paid a $0.728 dividend. This represents a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 16th.

A number of large investors have recently modified their holdings of the stock. Aviance Capital Partners LLC purchased a new stake in shares of British American Tobacco p.l.c. during the second quarter valued at approximately $214,000. Naples Global Advisors LLC increased its stake in shares of British American Tobacco p.l.c. by 2.4% in the second quarter. Naples Global Advisors LLC now owns 12,560 shares of the company’s stock valued at $861,000 after buying an additional 300 shares during the last quarter. Greenleaf Trust increased its stake in shares of British American Tobacco p.l.c. by 20.2% in the second quarter. Greenleaf Trust now owns 12,286 shares of the company’s stock valued at $842,000 after buying an additional 2,062 shares during the last quarter. Huntington National Bank increased its stake in shares of British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after buying an additional 788 shares during the last quarter. Finally, 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 valued at $1,812,000 after buying an additional 338 shares during the last quarter. 5.55% of the stock is owned by hedge funds and other institutional investors.

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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).