Cadence Bank NA grew its stake in British American Tobacco p.l.c. (NYSE:BTI) by 31.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,872 shares of the company’s stock after purchasing an additional 923 shares during the quarter. Cadence Bank NA’s holdings in British American Tobacco p.l.c. were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BTI. Delta Asset Management LLC TN lifted its stake in shares of British American Tobacco p.l.c. by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after purchasing an additional 1,472 shares during the period. D. Scott Neal Inc. acquired a new position in shares of British American Tobacco p.l.c. in the 3rd quarter valued at $106,000. FTB Advisors Inc. lifted its stake in shares of British American Tobacco p.l.c. by 10.7% in the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock valued at $117,000 after purchasing an additional 174 shares during the period. Grove Bank & Trust lifted its stake in shares of British American Tobacco p.l.c. by 50.2% in the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock valued at $141,000 after purchasing an additional 688 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of British American Tobacco p.l.c. by 439.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock valued at $157,000 after purchasing an additional 2,050 shares during the period. 4.80% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on BTI shares. Zacks Investment Research raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Monday, August 28th. Cowen and Company raised British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Bank of America Corporation set a $79.00 price target on British American Tobacco p.l.c. and gave the company a “buy” rating in a research note on Thursday, July 6th. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) raised British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.00.

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British American Tobacco p.l.c. (NYSE:BTI) traded down 0.12% on Tuesday, hitting $64.54. The stock had a trading volume of 822,686 shares. The company’s 50 day moving average is $63.43 and its 200-day moving average is $66.53. The firm has a market capitalization of $119.92 billion, a price-to-earnings ratio of 21.64 and a beta of 1.06. British American Tobacco p.l.c. has a 1-year low of $52.71 and a 1-year high of $73.41.

British American Tobacco p.l.c. 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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