Bank of Montreal Can Acquires 349,998 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Bank of Montreal Can raised its holdings in British American Tobacco p.l.c. (NYSE:BTIGet Rating) by 189.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 534,611 shares of the company’s stock after purchasing an additional 349,998 shares during the quarter. Bank of Montreal Can’s holdings in British American Tobacco were worth $23,694,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its position in British American Tobacco by 2.2% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 13,205 shares of the company’s stock valued at $567,000 after purchasing an additional 283 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of British American Tobacco by 34.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,920,556 shares of the company’s stock valued at $168,230,000 after buying an additional 1,008,552 shares during the period. Clarius Group LLC increased its stake in shares of British American Tobacco by 58.9% in the 2nd quarter. Clarius Group LLC now owns 11,036 shares of the company’s stock valued at $474,000 after buying an additional 4,090 shares during the period. CNB Bank increased its stake in shares of British American Tobacco by 4.5% in the 2nd quarter. CNB Bank now owns 24,454 shares of the company’s stock valued at $1,049,000 after buying an additional 1,045 shares during the period. Finally, Synovus Financial Corp acquired a new stake in shares of British American Tobacco in the 2nd quarter valued at $201,000. Institutional investors own 6.70% of the company’s stock.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $39.55 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.54. British American Tobacco p.l.c. has a 12 month low of $33.62 and a 12 month high of $47.24. The business has a fifty day simple moving average of $38.08 and a 200 day simple moving average of $40.47.

Analysts Set New Price Targets

Several research firms have recently commented on BTI. The Goldman Sachs Group cut British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, November 11th.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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