British American Tobacco p.l.c. $BTI Stock Holdings Decreased by Kennon Green & Company LLC

Kennon Green & Company LLC lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,047 shares of the company’s stock after selling 2,656 shares during the quarter. British American Tobacco accounts for 5.8% of Kennon Green & Company LLC’s portfolio, making the stock its 5th biggest holding. Kennon Green & Company LLC’s holdings in British American Tobacco were worth $7,239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in shares of British American Tobacco by 31.1% during the first quarter. Farther Finance Advisors LLC now owns 4,098 shares of the company’s stock valued at $168,000 after purchasing an additional 971 shares during the period. GAMMA Investing LLC lifted its holdings in British American Tobacco by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 6,681 shares of the company’s stock valued at $276,000 after buying an additional 1,411 shares in the last quarter. CX Institutional purchased a new stake in British American Tobacco in the 1st quarter valued at about $34,000. Fifth Third Bancorp grew its stake in British American Tobacco by 29.4% in the 1st quarter. Fifth Third Bancorp now owns 14,253 shares of the company’s stock worth $590,000 after acquiring an additional 3,241 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of British American Tobacco by 26.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 111,922 shares of the company’s stock worth $4,630,000 after acquiring an additional 23,359 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of BTI stock opened at $51.14 on Wednesday. The stock’s 50-day moving average is $55.20 and its 200 day moving average is $49.30. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company has a market cap of $105.09 billion, a P/E ratio of 10.50, a PEG ratio of 3.52 and a beta of 0.42.

Analysts Set New Price Targets

BTI has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Jefferies Financial Group assumed coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Finally, Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

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.