10,981 Shares in British American Tobacco p.l.c. $BTI Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,981 shares of the company’s stock, valued at approximately $520,000.

Other hedge funds have also added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. grew its stake in British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after acquiring an additional 30,600 shares in the last quarter. Consolidated Portfolio Review Corp bought a new position in British American Tobacco in the 1st quarter worth about $375,000. Atria Wealth Solutions Inc. grew its stake in British American Tobacco by 28.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after acquiring an additional 5,745 shares in the last quarter. Todd Asset Management LLC grew its stake in British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after acquiring an additional 157,251 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock worth $9,650,000 after acquiring an additional 24,962 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Trading Down 2.2%

NYSE:BTI opened at $51.22 on Friday. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29. The firm has a 50 day moving average of $55.56 and a 200 day moving average of $48.79. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $105.37 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.55 and a beta of 0.42.

Analysts Set New Price Targets

BTI has been the topic of a number of research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Monday, September 8th. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating for the company. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, British American Tobacco presently has an average rating of “Hold” and an average price target of $51.00.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.