Bard Financial Services Inc. Cuts Position in British American Tobacco p.l.c. $BTI

Bard Financial Services Inc. lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 36.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,357 shares of the company’s stock after selling 38,612 shares during the quarter. Bard Financial Services Inc.’s holdings in British American Tobacco were worth $3,522,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTI. Zions Bancorporation National Association UT boosted its stake in British American Tobacco by 46,488.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock valued at $8,203,000 after acquiring an additional 172,937 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of British American Tobacco by 66.9% during the second quarter. Park Avenue Securities LLC now owns 56,520 shares of the company’s stock worth $2,675,000 after purchasing an additional 22,654 shares during the last quarter. Genesis Private Wealth LLC bought a new stake in British American Tobacco in the second quarter valued at about $334,000. Trivest Advisors Ltd acquired a new stake in British American Tobacco during the second quarter valued at approximately $60,109,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in British American Tobacco by 4.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 243,367 shares of the company’s stock worth $11,519,000 after buying an additional 10,096 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 0.0%

Shares of BTI opened at $57.22 on Friday. British American Tobacco p.l.c. has a one year low of $34.82 and a one year high of $59.29. The stock’s fifty day moving average is $55.35 and its 200-day moving average is $53.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Kepler Capital Markets started coverage on shares of British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating for the company. Finally, Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.00.

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.