Kestra Private Wealth Services LLC Purchases 7,986 Shares of British American Tobacco p.l.c. $BTI

Kestra Private Wealth Services LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 34.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,205 shares of the company’s stock after buying an additional 7,986 shares during the period. Kestra Private Wealth Services LLC’s holdings in British American Tobacco were worth $1,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. boosted its stake in British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC purchased a new stake in British American Tobacco in the fourth quarter valued at $26,000. Cary Street Partners Financial LLC purchased a new stake in shares of British American Tobacco in the second quarter worth about $30,000. SHP Wealth Management acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $35,000. Finally, Cornerstone Planning Group LLC boosted its holdings in British American Tobacco by 141.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on BTI shares. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Finally, Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Up 0.1%

NYSE:BTI opened at $62.83 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a fifty-two week low of $46.38 and a fifty-two week high of $67.30. The company has a fifty day moving average of $60.82 and a two-hundred day moving average of $59.44.

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.