Standard Life Aberdeen plc Has $22.15 Million Holdings in British American Tobacco PLC (BTI)

Standard Life Aberdeen plc raised its position in shares of British American Tobacco PLC (NYSE:BTI) by 15,948.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,251,766 shares of the company’s stock after purchasing an additional 1,243,966 shares during the quarter. Standard Life Aberdeen plc’s holdings in British American Tobacco were worth $22,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BTI. Franklin Resources Inc. raised its holdings in British American Tobacco by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,811,219 shares of the company’s stock worth $224,348,000 after purchasing an additional 45,384 shares in the last quarter. Logan Capital Management Inc. increased its stake in shares of British American Tobacco by 9.9% in the 3rd quarter. Logan Capital Management Inc. now owns 23,862 shares of the company’s stock worth $1,113,000 after acquiring an additional 2,148 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of British American Tobacco in the 3rd quarter worth about $6,227,000. Brown Advisory Inc. bought a new position in shares of British American Tobacco in the 3rd quarter worth about $203,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of British American Tobacco by 61.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,139,399 shares of the company’s stock worth $53,130,000 after acquiring an additional 431,648 shares in the last quarter. 7.36% of the stock is owned by institutional investors and hedge funds.

Shares of British American Tobacco stock opened at $34.24 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. The stock has a market capitalization of $72.97 billion, a P/E ratio of 9.30 and a beta of 0.94. British American Tobacco PLC has a 1 year low of $34.12 and a 1 year high of $71.44.

Several research analysts recently issued reports on BTI shares. Jefferies Financial Group lowered 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, October 24th. Sanford C. Bernstein started coverage on shares of British American Tobacco in a research note on Tuesday, October 16th. They issued a “market perform” rating for the company. Royal Bank of Canada upgraded shares of British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th. Finally, DZ Bank reiterated a “sell” rating on shares of British American Tobacco in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $73.00.

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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.

Further Reading: What is a Swap?

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco PLC (NYSE:BTI).

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

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