Keudell Morrison Wealth Management Trims Position in British American Tobacco p.l.c. (NYSE:BTI)

by · The Cerbat Gem

Keudell Morrison Wealth Management trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,194 shares of the company’s stock after selling 387 shares during the period. Keudell Morrison Wealth Management’s holdings in British American Tobacco were worth $336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can boosted its holdings in British American Tobacco by 26.2% during the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after acquiring an additional 23,626 shares during the period. Atria Investments Inc boosted its stake in shares of British American Tobacco by 19.5% in the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock valued at $2,270,000 after purchasing an additional 12,150 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of British American Tobacco by 131.8% in the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after purchasing an additional 1,590 shares in the last quarter. Auxier Asset Management lifted its holdings in British American Tobacco by 16.0% during the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock worth $5,778,000 after buying an additional 25,800 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in British American Tobacco in the 1st quarter valued at approximately $732,000. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on BTI shares. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Finally, Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research report on Thursday, October 3rd.

View Our Latest Stock Report on BTI

British American Tobacco Stock Up 0.1 %

Shares of British American Tobacco stock traded up $0.03 during trading on Thursday, hitting $35.67. 630,379 shares of the stock were exchanged, compared to its average volume of 4,794,429. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The firm’s 50-day moving average price is $36.50 and its 200 day moving average price is $33.85. The stock has a market cap of $79.23 billion, a price-to-earnings ratio of 7.48 and a beta of 0.53. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54.

About British American Tobacco

(Free Report)

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.

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