Bard Financial Services Inc. Sells 485 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Bard Financial Services Inc. reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 107,150 shares of the company’s stock after selling 485 shares during the quarter. Bard Financial Services Inc.’s holdings in British American Tobacco were worth $4,433,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. grew its position in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares in the last quarter. Ameriflex Group Inc. bought a new stake in British American Tobacco in the fourth quarter worth about $26,000. Financial Management Professionals Inc. lifted its stake in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after purchasing an additional 278 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in British American Tobacco in the fourth quarter worth about $27,000. Finally, CX Institutional bought a new stake in shares of British American Tobacco during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Bank of America initiated coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, British American Tobacco currently has an average rating of “Moderate Buy” and an average target price of $33.00.

British American Tobacco Trading Down 0.8%

NYSE BTI opened at $47.49 on Wednesday. The company has a market capitalization of $98.16 billion, a PE ratio of 9.75 and a beta of 0.31. The company has a fifty day moving average of $43.20 and a 200 day moving average of $40.23. British American Tobacco p.l.c. has a 1 year low of $30.29 and a 1 year high of $47.98. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

About British American Tobacco

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.