Kestra Private Wealth Services LLC Acquires 7,986 Shares of British American Tobacco p.l.c. $BTI

Kestra Private Wealth Services LLC lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 34.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,205 shares of the company’s stock after acquiring an additional 7,986 shares during the period. Kestra Private Wealth Services LLC’s holdings in British American Tobacco were worth $1,825,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors grew its stake in British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after acquiring an additional 9,397,693 shares in the last quarter. Wealth High Governance Capital Ltda purchased a new stake in British American Tobacco in the 4th quarter worth $6,911,000. Modern Wealth Management LLC purchased a new stake in British American Tobacco in the 3rd quarter worth $14,771,000. Assetmark Inc. boosted its holdings in shares of British American Tobacco by 4.3% during the 4th quarter. Assetmark Inc. now owns 557,887 shares of the company’s stock valued at $31,588,000 after purchasing an additional 23,141 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its position in shares of British American Tobacco by 284.8% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 26,274 shares of the company’s stock valued at $1,488,000 after purchasing an additional 19,446 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Price Performance

Shares of NYSE BTI opened at $62.83 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a 12-month low of $46.38 and a 12-month high of $67.30. The firm’s 50-day moving average price is $60.82 and its 200-day moving average price is $59.44.

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.