Keybank National Association OH Acquires 10,693 Shares of British American Tobacco p.l.c. $BTI

Keybank National Association OH lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 78.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,320 shares of the company’s stock after acquiring an additional 10,693 shares during the period. Keybank National Association OH’s holdings in British American Tobacco were worth $1,422,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Capital International Investors increased its holdings in shares of British American Tobacco by 0.5% during the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock worth $3,645,500,000 after purchasing an additional 332,062 shares during the period. Capital Research Global Investors increased its stake in British American Tobacco by 1.2% during the fourth quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock valued at $1,264,512,000 after acquiring an additional 264,511 shares during the period. Orbis Allan Gray Ltd raised its holdings in British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after acquiring an additional 2,482,737 shares in the last quarter. Capital World Investors lifted its position in shares of British American Tobacco by 0.5% in the 4th quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after acquiring an additional 47,858 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of British American Tobacco by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after purchasing an additional 1,578,860 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.7%

Shares of NYSE BTI traded up $0.41 during mid-day trading on Tuesday, hitting $61.87. 355,202 shares of the stock were exchanged, compared to its average volume of 4,566,749. British American Tobacco p.l.c. has a twelve month low of $47.54 and a twelve month high of $67.30. The stock’s fifty day simple moving average is $61.39 and its two-hundred day simple moving average is $59.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

Analyst Upgrades and Downgrades

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