British American Tobacco p.l.c. $BTI Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,310 shares of the company’s stock after selling 12,997 shares during the period. Kestra Advisory Services LLC’s holdings in British American Tobacco were worth $2,883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of BTI. First Command Advisory Services Inc. boosted its position in British American Tobacco by 1,386.7% during the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC purchased a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $26,000. Cary Street Partners Financial LLC acquired a new position in shares of British American Tobacco during the 2nd quarter worth approximately $30,000. SHP Wealth Management acquired a new position in shares of British American Tobacco during the 4th quarter worth approximately $35,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after buying an additional 346 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Stock Down 0.4%

Shares of NYSE:BTI opened at $62.89 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1 year low of $49.88 and a 1 year high of $67.30. The business’s 50 day moving average price is $61.88 and its 200-day moving average price is $59.82.

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.