Kennon Green & Company LLC Has $7.96 Million Position in British American Tobacco p.l.c. $BTI

Kennon Green & Company LLC decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,634 shares of the company’s stock after selling 14,098 shares during the quarter. British American Tobacco makes up approximately 6.3% of Kennon Green & Company LLC’s portfolio, making the stock its 5th largest position. Kennon Green & Company LLC’s holdings in British American Tobacco were worth $7,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Investors boosted its holdings in shares of British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after buying an additional 1,891,042 shares during the last quarter. Capital Research Global Investors lifted its position in shares of British American Tobacco by 2.6% during the third quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock worth $1,171,399,000 after acquiring an additional 559,189 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after buying an additional 2,482,737 shares during the period. Capital World Investors increased its position in shares of British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after buying an additional 9,397,693 shares during the period. Finally, Bank of America Corp DE increased its position in shares of British American Tobacco by 29.5% during the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after buying an additional 1,578,860 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTI has been the subject of a number of research analyst reports. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Trading Down 3.0%

Shares of NYSE:BTI opened at $58.63 on Thursday. British American Tobacco p.l.c. has a 52-week low of $45.76 and a 52-week high of $67.30. The stock has a 50 day moving average price of $60.08 and a 200-day moving average price of $58.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

British American Tobacco Company 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.