Kathmere Capital Management LLC Has $3.57 Million Position in British American Tobacco p.l.c. $BTI

Kathmere Capital Management LLC decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,048 shares of the company’s stock after selling 10,224 shares during the period. Kathmere Capital Management LLC’s holdings in British American Tobacco were worth $3,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. raised its holdings in British American Tobacco by 1,386.7% during 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 during the last quarter. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco in the 4th quarter valued at $26,000. Cornerstone Planning Group LLC increased its position in shares of 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 during the period. SHP Wealth Management bought a new position in British American Tobacco during the fourth quarter worth $35,000. Finally, Cary Street Partners Financial LLC bought a new position in British American Tobacco during the second quarter worth $30,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Up 0.1%

BTI opened at $61.83 on Monday. The company has a fifty day moving average price of $61.39 and a two-hundred day moving average price of $59.58. British American Tobacco p.l.c. has a 1-year low of $47.54 and a 1-year high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

Analysts Set New Price Targets

BTI has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Finally, Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.00.

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.