Kestra Advisory Services LLC Sells 10,336 Shares of British American Tobacco p.l.c. $BTI

Key Points

• Kestra Advisory Services LLC has reduced its holdings in British American Tobacco by 16.2%, selling 10,336 shares during the first quarter.
• The stock saw a slight increase of 1.1%, opening at $56.85 with a market capitalization of $117.09 billion.
• Analysts have mixed ratings for the stock, with Morgan Stanley maintaining an "underweight" rating while Barclays holds an "overweight" rating, and a consensus target price set at $40.00.

Kestra Advisory Services LLC cut its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,459 shares of the company's stock after selling 10,336 shares during the quarter. Kestra Advisory Services LLC's holdings in British American Tobacco were worth $2,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BTI. Compound Planning Inc. increased its position in shares of British American Tobacco by 11.3% during the first quarter. Compound Planning Inc. now owns 29,200 shares of the company's stock valued at $1,208,000 after acquiring an additional 2,956 shares during the last quarter. Newport Trust Company LLC increased its position in shares of British American Tobacco by 1.1% during the first quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company's stock valued at $114,779,000 after acquiring an additional 31,205 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of British American Tobacco by 12.4% during the first quarter. Legacy Financial Advisors Inc. now owns 14,241 shares of the company's stock valued at $589,000 after acquiring an additional 1,569 shares during the last quarter. Northern Trust Corp increased its position in shares of British American Tobacco by 1.5% during the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company's stock valued at $102,347,000 after acquiring an additional 35,926 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of British American Tobacco by 710.2% during the first quarter. Brooklyn Investment Group now owns 12,485 shares of the company's stock valued at $516,000 after acquiring an additional 10,944 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded down $0.18 during trading hours on Wednesday, reaching $55.07. The company had a trading volume of 6,117,539 shares, compared to its average volume of 5,687,608. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The business has a fifty day simple moving average of $53.45 and a 200 day simple moving average of $46.44. 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 firm has a market cap of $113.42 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 3.91 and a beta of 0.40.

Analyst Ratings Changes

A number of analysts recently commented on BTI shares. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday. Morgan Stanley reissued an "underweight" rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of "Hold" and a consensus price target of $40.00.

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.