United States Steel & Carnegie Pension Fund Purchases 407,062 Shares of British American Tobacco p.l.c. (BTI)

United States Steel & Carnegie Pension Fund raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 87.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 873,915 shares of the company’s stock after acquiring an additional 407,062 shares during the period. British American Tobacco makes up 2.5% of United States Steel & Carnegie Pension Fund’s holdings, making the stock its 15th biggest holding. United States Steel & Carnegie Pension Fund’s holdings in British American Tobacco were worth $54,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BTI. Delta Asset Management LLC TN increased its stake in shares of British American Tobacco by 908.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after acquiring an additional 1,472 shares during the last quarter. D. Scott Neal Inc. purchased a new position in shares of British American Tobacco during the 3rd quarter valued at approximately $106,000. Alpha Omega Wealth Management LLC purchased a new position in shares of British American Tobacco during the 3rd quarter valued at approximately $114,000. FTB Advisors Inc. lifted its stake in British American Tobacco by 10.7% during the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after purchasing an additional 174 shares during the last quarter. Finally, Thompson Davis & CO. Inc. lifted its stake in British American Tobacco by 426.4% during the third quarter. Thompson Davis & CO. Inc. now owns 1,911 shares of the company’s stock worth $119,000 after purchasing an additional 1,548 shares during the last quarter. 9.35% of the stock is owned by institutional investors and hedge funds.

British American Tobacco p.l.c. (NYSE BTI) traded up $0.51 during midday trading on Wednesday, reaching $65.46. The company had a trading volume of 2,212,000 shares, compared to its average volume of 3,631,552. British American Tobacco p.l.c. has a fifty-two week low of $54.58 and a fifty-two week high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

BTI has been the subject of a number of research reports. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco in a research note on Wednesday, August 9th. Cowen raised British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Goldman Sachs Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Finally, Jefferies Group set a $78.00 price objective on British American Tobacco and gave the stock a “buy” rating in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.25.

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British American Tobacco 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 (NYSE:BTI)

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