Keybank National Association OH Has $1.42 Million Stock Holdings in British American Tobacco p.l.c. $BTI

Keybank National Association OH increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 78.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,320 shares of the company’s stock after buying an additional 10,693 shares during the period. Keybank National Association OH’s holdings in British American Tobacco were worth $1,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stegent Equity Advisors Inc. lifted its position in shares of British American Tobacco by 4.3% during the first quarter. Stegent Equity Advisors Inc. now owns 6,735 shares of the company’s stock worth $394,000 after purchasing an additional 279 shares in the last quarter. Fulton Bank N.A. raised its position in shares of British American Tobacco by 9.8% during the first quarter. Fulton Bank N.A. now owns 52,848 shares of the company’s stock worth $3,090,000 after acquiring an additional 4,711 shares during the last quarter. Capricorn Fund Managers Ltd bought a new position in British American Tobacco in the first quarter valued at about $8,595,000. MQS Management LLC acquired a new stake in British American Tobacco in the first quarter worth about $292,000. Finally, Mayflower Financial Advisors LLC increased its position in British American Tobacco by 4.1% in the first quarter. Mayflower Financial Advisors LLC now owns 7,386 shares of the company’s stock worth $432,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI traded up $0.41 during mid-day trading on Tuesday, hitting $61.87. The stock had a trading volume of 355,202 shares, compared to its average volume of 4,566,749. The stock’s fifty day simple moving average is $61.39 and its 200-day simple moving average is $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 current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

About British American Tobacco

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.