Dupree Financial Group LLC Has $9.59 Million Stock Position in British American Tobacco p.l.c. $BTI

Dupree Financial Group LLC reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 43.6% during the first quarter, HoldingsChannel.com reports. The fund owned 163,976 shares of the company’s stock after selling 126,961 shares during the quarter. British American Tobacco makes up approximately 3.9% of Dupree Financial Group LLC’s investment portfolio, making the stock its 9th largest position. Dupree Financial Group LLC’s holdings in British American Tobacco were worth $9,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BTI. AQR Capital Management LLC boosted its holdings in shares of British American Tobacco by 35.2% in the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after buying an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in British American Tobacco by 42.5% during the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after buying an additional 2,521 shares during the last quarter. Rhumbline Advisers raised its position in British American Tobacco by 10.2% in the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock worth $285,000 after acquiring an additional 559 shares during the period. Baird Financial Group Inc. boosted its stake in British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after acquiring an additional 5,486 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after acquiring an additional 816 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Performance

Shares of BTI stock opened at $62.83 on Monday. The company’s fifty day simple moving average is $60.82 and its two-hundred day simple moving average is $59.44. British American Tobacco p.l.c. has a 1 year low of $46.38 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

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.