Epoch Investment Partners Inc. Sells 175,745 Shares of British American Tobacco PLC (BTI)

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Epoch Investment Partners Inc. trimmed its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 7.8% during the second quarter, HoldingsChannel.com reports. The fund owned 2,083,443 shares of the company’s stock after selling 175,745 shares during the quarter. Epoch Investment Partners Inc.’s holdings in British American Tobacco were worth $105,110,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in BTI. Oppenheimer & Co. Inc. increased its position in British American Tobacco by 36.6% during the first quarter. Oppenheimer & Co. Inc. now owns 16,804 shares of the company’s stock worth $969,000 after acquiring an additional 4,499 shares during the period. Comerica Bank increased its position in British American Tobacco by 1.1% during the first quarter. Comerica Bank now owns 137,435 shares of the company’s stock worth $7,180,000 after acquiring an additional 1,519 shares during the period. CIBC Asset Management Inc increased its position in British American Tobacco by 70.5% during the first quarter. CIBC Asset Management Inc now owns 36,949 shares of the company’s stock worth $2,132,000 after acquiring an additional 15,280 shares during the period. Atria Investments LLC increased its position in British American Tobacco by 35.5% during the first quarter. Atria Investments LLC now owns 13,674 shares of the company’s stock worth $789,000 after acquiring an additional 3,584 shares during the period. Finally, D.A. Davidson & CO. increased its position in British American Tobacco by 15.4% during the first quarter. D.A. Davidson & CO. now owns 21,041 shares of the company’s stock worth $1,214,000 after acquiring an additional 2,804 shares during the period. 7.68% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on BTI shares. Jefferies Financial Group downgraded shares of British American Tobacco to a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada downgraded shares of British American Tobacco to an “underperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $79.00.

Shares of British American Tobacco stock opened at $47.57 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. British American Tobacco PLC has a 12-month low of $47.45 and a 12-month high of $71.44.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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

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