Keystone Financial Planning Inc. Has $8.12 Million Position in British American Tobacco p.l.c. $BTI

Keystone Financial Planning Inc. reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 171,618 shares of the company’s stock after selling 1,126 shares during the period. British American Tobacco makes up 2.5% of Keystone Financial Planning Inc.’s holdings, making the stock its 8th largest holding. Keystone Financial Planning Inc.’s holdings in British American Tobacco were worth $8,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Michels Family Financial LLC lifted its stake in British American Tobacco by 1.3% in the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after purchasing an additional 249 shares during the last quarter. Applied Capital LLC FL raised its stake in shares of British American Tobacco by 1.1% in the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock valued at $963,000 after buying an additional 257 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of British American Tobacco by 9.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock valued at $136,000 after buying an additional 259 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of British American Tobacco by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock worth $266,000 after acquiring an additional 262 shares during the period. Finally, Gallacher Capital Management LLC raised its stake in British American Tobacco by 2.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock valued at $485,000 after acquiring an additional 273 shares during the period. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock opened at $52.09 on Friday. British American Tobacco p.l.c. has a 1-year low of $34.24 and a 1-year high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $107.04 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 3.66 and a beta of 0.42. The firm’s 50 day simple moving average is $54.24 and its 200 day simple moving average is $49.83.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Friday. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

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.