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

Kathmere Capital Management LLC decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,048 shares of the company’s stock after selling 10,224 shares during the quarter. Kathmere Capital Management LLC’s holdings in British American Tobacco were worth $3,569,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. raised its position in shares of 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 valued at $25,000 after buying an additional 416 shares in the last quarter. Glen Eagle Advisors LLC acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $26,000. Cary Street Partners Financial LLC bought a new position in British American Tobacco in the second quarter valued at approximately $30,000. SHP Wealth Management acquired a new position in British American Tobacco during the fourth quarter valued at approximately $35,000. Finally, Cornerstone Planning Group LLC lifted its stake 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 purchasing an additional 346 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.1%

Shares of NYSE BTI opened at $61.83 on Monday. The company has a 50 day simple moving average of $61.39 and a 200 day simple moving average of $59.58. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1 year low of $47.54 and a 1 year high of $67.30.

Analyst Ratings Changes

Several brokerages recently weighed in on BTI. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, British American Tobacco currently has an average rating of “Moderate Buy” and an average 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.