OLD Mission Capital LLC Sells 100,913 Shares of British American Tobacco p.l.c. $BTI

Key Points

• OLD Mission Capital LLC has significantly reduced its stake in British American Tobacco p.l.c. by 68.1%, selling 100,913 shares and now owning 47,268 shares valued at approximately $1.96 million.
• British American Tobacco's stock has shown an increase of 1.1% recently, with shares trading at $56.85 and a market capitalization of $117.09 billion.
• Analysts have mixed views on the stock, with Barclays reiterating an "overweight" rating, while Wall Street Zen downgraded it from a "buy" to a "hold," resulting in an average rating of "Moderate Buy."

OLD Mission Capital LLC trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 68.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,268 shares of the company's stock after selling 100,913 shares during the period. OLD Mission Capital LLC's holdings in British American Tobacco were worth $1,955,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in shares of British American Tobacco by 14.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 14,710 shares of the company's stock worth $534,000 after purchasing an additional 1,820 shares during the last quarter. Northern Trust Corp raised its stake in British American Tobacco by 33.6% during the 4th quarter. Northern Trust Corp now owns 2,438,016 shares of the company's stock valued at $88,549,000 after purchasing an additional 612,907 shares during the period. Ameriprise Financial Inc. lifted its position in British American Tobacco by 108.8% during the fourth quarter. Ameriprise Financial Inc. now owns 474,111 shares of the company's stock valued at $17,242,000 after purchasing an additional 247,018 shares during the last quarter. BNP Paribas Financial Markets increased its position in British American Tobacco by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after acquiring an additional 14,655 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in British American Tobacco by 26.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 703,121 shares of the company's stock valued at $25,537,000 after acquiring an additional 148,867 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Down 0.3%

Shares of British American Tobacco stock traded down $0.19 during trading hours on Wednesday, hitting $55.06. 7,793,659 shares of the company's stock traded hands, compared to its average volume of 5,698,165. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $53.45 and a 200-day simple moving average of $46.44. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The company has a market cap of $113.40 billion, a PE ratio of 11.30, a PEG ratio of 3.91 and a beta of 0.40.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BTI shares. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.00.

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.