Keystone Financial Planning Inc. Decreases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Keystone Financial Planning Inc. trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,842 shares of the company’s stock after selling 428 shares during the quarter. British American Tobacco accounts for about 1.9% of Keystone Financial Planning Inc.’s holdings, making the stock its 13th largest position. Keystone Financial Planning Inc.’s holdings in British American Tobacco were worth $6,278,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Versant Capital Management Inc bought a new position in British American Tobacco during the fourth quarter valued at about $34,000. ORG Partners LLC lifted its position in shares of British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in British American Tobacco in the 4th quarter worth about $44,000. Creative Financial Designs Inc. ADV lifted its holdings in British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after buying an additional 748 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of analyst reports. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

NYSE:BTI traded down $0.59 during midday trading on Monday, hitting $35.31. The company had a trading volume of 6,789,532 shares, compared to its average volume of 3,177,152. The stock’s fifty day moving average price is $36.73 and its 200-day moving average price is $35.90. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $78.02 billion, a PE ratio of 7.37 and a beta of 0.52.

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.