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

Key Points

• Keudell Morrison Wealth Management acquired approximately 10,981 shares of British American Tobacco p.l.c., valued at around $520,000, during the 2nd quarter.
• Several institutional investors, including Lockheed Martin Investment Management Co. and Atria Wealth Solutions Inc., have also increased their holdings in British American Tobacco recently.
• British American Tobacco's stock has shown a range between a 12-month low of $34.17 and a high of $59.29, with a current opening price of $51.22.

Keudell Morrison Wealth Management acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,981 shares of the company's stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lockheed Martin Investment Management Co. raised its position in shares of British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock valued at $5,833,000 after purchasing an additional 30,600 shares during the period. Consolidated Portfolio Review Corp bought a new stake in shares of British American Tobacco during the 1st quarter valued at $375,000. Atria Wealth Solutions Inc. increased its holdings in British American Tobacco by 28.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock valued at $1,074,000 after acquiring an additional 5,745 shares during the last quarter. Todd Asset Management LLC increased its holdings in British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock valued at $30,692,000 after acquiring an additional 157,251 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company's stock valued at $9,650,000 after acquiring an additional 24,962 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock opened at $51.22 on Friday. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The company's 50-day moving average price is $55.56 and its 200-day moving average price is $48.79. The company has a market cap of $105.37 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BTI. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Morgan Stanley reiterated an "underweight" rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Argus upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target on the stock in a report on Monday, September 8th. Weiss Ratings restated a "hold (c+)" rating on shares of British American Tobacco in a report on Saturday, September 27th. Finally, Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $51.00.

British American Tobacco Company Profile

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.

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