Kennon Green & Company LLC Purchases 5,046 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Kennon Green & Company LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 159,393 shares of the company’s stock after buying an additional 5,046 shares during the period. British American Tobacco accounts for approximately 4.5% of Kennon Green & Company LLC’s portfolio, making the stock its 6th largest holding. Kennon Green & Company LLC’s holdings in British American Tobacco were worth $4,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Wealth Advisors acquired a new position in shares of British American Tobacco during the 4th quarter valued at about $26,000. Cape Investment Advisory Inc. raised its stake in British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares during the period. Larson Financial Group LLC boosted its holdings in shares of British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after buying an additional 550 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.6 %

Shares of BTI stock opened at $39.17 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.25. The firm’s 50 day moving average price is $35.68 and its two-hundred day moving average price is $32.23.

Analysts Set New Price Targets

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Company Profile

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.