Bard Financial Services Inc. Has $4.97 Million Stock Holdings in British American Tobacco p.l.c. $BTI

Bard Financial Services Inc. reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 104,969 shares of the company’s stock after selling 2,181 shares during the period. Bard Financial Services Inc.’s holdings in British American Tobacco were worth $4,968,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BTI. Quantinno Capital Management LP raised its stake in shares of British American Tobacco by 16.0% during the fourth quarter. Quantinno Capital Management LP now owns 152,262 shares of the company’s stock worth $5,530,000 after buying an additional 21,000 shares during the last quarter. Two Sigma Advisers LP increased its holdings in British American Tobacco by 39.6% in the fourth quarter. Two Sigma Advisers LP now owns 877,000 shares of the company’s stock valued at $31,853,000 after purchasing an additional 248,700 shares during the last quarter. Continuum Advisory LLC boosted its holdings in British American Tobacco by 24.5% during the fourth quarter. Continuum Advisory LLC now owns 1,690 shares of the company’s stock worth $61,000 after buying an additional 333 shares during the last quarter. Novem Group bought a new stake in shares of British American Tobacco in the 4th quarter valued at about $217,000. Finally, Poehling Capital Management INC. raised its position in shares of British American Tobacco by 0.6% in the 4th quarter. Poehling Capital Management INC. now owns 113,339 shares of the company’s stock valued at $4,116,000 after acquiring an additional 664 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTI has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Monday, September 8th. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Finally, Morgan Stanley restated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $56.53 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $54.82 and its two-hundred day moving average price is $47.49. The company has a market cap of $116.31 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 3.89 and a beta of 0.40. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29.

About British American Tobacco

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.