OLD National Bancorp IN Trims Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

OLD National Bancorp IN decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 30.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,436 shares of the company’s stock after selling 6,317 shares during the quarter. OLD National Bancorp IN’s holdings in British American Tobacco were worth $597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC purchased a new position in British American Tobacco during the 1st quarter worth approximately $262,000. Sivia Capital Partners LLC boosted its holdings in shares of British American Tobacco by 5.8% in the first quarter. Sivia Capital Partners LLC now owns 5,934 shares of the company’s stock valued at $245,000 after acquiring an additional 326 shares during the period. Pines Wealth Management LLC grew its position in shares of British American Tobacco by 25.0% during the first quarter. Pines Wealth Management LLC now owns 8,405 shares of the company’s stock worth $332,000 after acquiring an additional 1,682 shares during the last quarter. AGH Wealth Advisors LLC acquired a new position in shares of British American Tobacco in the 1st quarter valued at $209,000. Finally, HF Advisory Group LLC raised its position in British American Tobacco by 10.9% in the 1st quarter. HF Advisory Group LLC now owns 44,131 shares of the company’s stock valued at $1,826,000 after purchasing an additional 4,345 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.2%

NYSE:BTI opened at $47.87 on Tuesday. British American Tobacco p.l.c. has a 12-month low of $30.29 and a 12-month high of $47.98. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $43.09 and its 200-day simple moving average is $40.18. The firm has a market cap of $98.95 billion, a P/E ratio of 9.83 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BTI. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a “buy” rating on the stock. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $33.00.

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.