British American Tobacco p.l.c. $BTI Shares Sold by Dupree Financial Group LLC

Dupree Financial Group LLC lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 43.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,976 shares of the company’s stock after selling 126,961 shares during the period. British American Tobacco makes up 3.9% of Dupree Financial Group LLC’s investment portfolio, making the stock its 9th biggest holding. Dupree Financial Group LLC’s holdings in British American Tobacco were worth $9,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC increased its position in British American Tobacco by 1.6% in the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after buying an additional 170 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in British American Tobacco by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after acquiring an additional 181 shares during the period. NewEdge Wealth LLC grew its stake in British American Tobacco by 0.3% in the fourth quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock valued at $3,323,000 after acquiring an additional 187 shares during the period. Laurel Oak Wealth Management LLC increased its holdings in shares of British American Tobacco by 3.2% during the first quarter. Laurel Oak Wealth Management LLC now owns 6,666 shares of the company’s stock valued at $390,000 after acquiring an additional 204 shares in the last quarter. Finally, Sage Rhino Capital LLC raised its position in shares of British American Tobacco by 3.2% during the fourth quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock worth $405,000 after purchasing an additional 219 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.1%

NYSE BTI opened at $62.83 on Monday. The company has a fifty day moving average price of $60.82 and a 200-day moving average price of $59.44. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1 year low of $46.38 and a 1 year high of $67.30.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, 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. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Profile

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.