11,908 Shares in British American Tobacco p.l.c. $BTI Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 11,908 shares of the company’s stock, valued at approximately $674,000.

Several other large investors also recently bought and sold shares of the stock. AlphaCore Capital LLC grew its position in British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after purchasing an additional 170 shares during the last quarter. NewEdge Wealth LLC grew its position in British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after purchasing an additional 187 shares during the last quarter. Sage Rhino Capital LLC grew its position in British American Tobacco by 3.2% during the 4th quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock worth $405,000 after purchasing an additional 219 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in British American Tobacco by 2.0% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock worth $612,000 after purchasing an additional 222 shares during the last quarter. Finally, Ariadne Wealth Management LP grew its position in British American Tobacco by 3.6% during the 3rd quarter. Ariadne Wealth Management LP now owns 6,530 shares of the company’s stock worth $356,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.8%

BTI stock opened at $65.83 on Friday. The firm’s fifty day simple moving average is $59.44 and its 200-day simple moving average is $58.43. 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 12 month low of $44.01 and a 12 month high of $67.30.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Profile

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.