British American Tobacco p.l.c. $BTI Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,310 shares of the company’s stock after selling 12,997 shares during the quarter. Kestra Advisory Services LLC’s holdings in British American Tobacco were worth $2,883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. lifted its holdings in shares of British American Tobacco by 1,386.7% during the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after purchasing an additional 416 shares during the period. Glen Eagle Advisors LLC acquired a new position in British American Tobacco in the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its position in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares during the last quarter. SHP Wealth Management acquired a new stake in British American Tobacco during the 4th quarter valued at approximately $35,000. Finally, Cary Street Partners Financial LLC acquired a new stake in British American Tobacco during the 2nd quarter valued at approximately $30,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Stock Performance

British American Tobacco stock opened at $62.89 on Friday. British American Tobacco p.l.c. has a 12 month low of $49.88 and a 12 month high of $67.30. The stock’s 50 day simple moving average is $61.88 and its two-hundred day simple moving average is $59.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.