Institutional investors are British American Tobacco p.l.c.'s (LON:BATS) biggest bettors and were rewarded after last week's UK£2.0b market cap gain
Institutional investors own 67% of British American Tobacco, influencing board decisions. Capital Research and Management Co. is the largest shareholder with 15%. Insider ownership is positive, showing leadership commitment. Retail investors own 12% of the company.