Eagle Global Advisors LLC cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 99,883 shares of the company’s stock after selling 2,587 shares during the period. Eagle Global Advisors LLC’s holdings in British American Tobacco p.l.c. were worth $6,846,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BTI. Prospera Financial Services Inc bought a new position in shares of British American Tobacco p.l.c. during the second quarter worth about $378,000. Hays Advisory LLC boosted its position 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 last quarter. Huntington National Bank boosted its position 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 worth $185,000 after buying an additional 788 shares during the last quarter. RB Capital Management LLC bought a new position in shares of British American Tobacco p.l.c. during the second quarter worth about $306,000. Finally, United States Steel & Carnegie Pension Fund boosted its position in shares of British American Tobacco p.l.c. by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock worth $42,206,000 after buying an additional 485,100 shares during the last quarter. Institutional investors and hedge funds own 5.55% of the company’s stock.

Shares of British American Tobacco p.l.c. (NYSE:BTI) traded up 0.05% during mid-day trading on Friday, hitting $62.91. The stock had a trading volume of 4,161,739 shares. The stock has a market capitalization of $116.89 billion, a price-to-earnings ratio of 20.96 and a beta of 1.02. The stock’s 50-day moving average price is $67.33 and its 200-day moving average price is $73.44. 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 disclosed a None dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, August 18th will be given a $0.728 dividend. This represents a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 16th.

TRADEMARK VIOLATION NOTICE: “British American Tobacco p.l.c. (BTI) Position Lowered by Eagle Global Advisors LLC” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://theolympiareport.com/2017/08/12/british-american-tobacco-p-l-c-bti-position-reduced-by-eagle-global-advisors-llc-updated.html.

A number of equities analysts recently issued reports on BTI shares. Zacks Investment Research upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, April 21st. Bank of America Corporation set a $79.00 target price on British American Tobacco p.l.c. and gave the stock a “buy” rating in a report on Thursday, July 6th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday. Piper Jaffray Companies assumed coverage on British American Tobacco p.l.c. in a report on Thursday, May 25th. They issued an “overweight” rating and a $59.00 target price on the stock. Finally, Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. British American Tobacco p.l.c. presently has a consensus rating of “Buy” and a consensus target price of $71.00.

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)

Receive News & Ratings for British American Tobacco p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco p.l.c. and related companies with Analyst Ratings Network's FREE daily email newsletter.