Keudell Morrison Wealth Management Takes Position in British American Tobacco p.l.c. $BTI

Keudell Morrison Wealth Management purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,908 shares of the company’s stock, valued at approximately $674,000.

Several other large investors have also modified their holdings of the business. Orca Wealth Management LLC raised its holdings in shares of British American Tobacco by 8.5% in the 4th quarter. Orca Wealth Management LLC now owns 62,212 shares of the company’s stock valued at $3,832,000 after purchasing an additional 4,892 shares in the last quarter. Newport Trust Company LLC raised its holdings in shares of British American Tobacco by 0.3% in the 4th quarter. Newport Trust Company LLC now owns 2,611,105 shares of the company’s stock valued at $147,841,000 after purchasing an additional 8,952 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of British American Tobacco by 31.0% in the 4th quarter. Global Retirement Partners LLC now owns 49,499 shares of the company’s stock valued at $2,803,000 after purchasing an additional 11,721 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of British American Tobacco by 2.2% in the 4th quarter. IFP Advisors Inc now owns 16,552 shares of the company’s stock valued at $937,000 after purchasing an additional 352 shares in the last quarter. Finally, Intrust Bank NA raised its holdings in shares of British American Tobacco by 4.2% in the 4th quarter. Intrust Bank NA now owns 13,011 shares of the company’s stock valued at $737,000 after purchasing an additional 528 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

NYSE BTI opened at $65.83 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $59.44 and a 200 day moving average price of $58.43. British American Tobacco p.l.c. has a 52 week low of $44.01 and a 52 week high of $67.30.

Analysts Set New Price Targets

Several research firms have recently commented on BTI. Weiss Ratings lowered shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Finally, Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Seven investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

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.