OLD National Bancorp IN Has $597,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

OLD National Bancorp IN lessened its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 30.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,436 shares of the company's stock after selling 6,317 shares during the period. OLD National Bancorp IN's holdings in British American Tobacco were worth $597,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BTI. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of British American Tobacco in the first quarter valued at approximately $262,000. Sivia Capital Partners LLC grew its holdings in British American Tobacco by 5.8% during the 1st quarter. Sivia Capital Partners LLC now owns 5,934 shares of the company's stock worth $245,000 after acquiring an additional 326 shares during the last quarter. Pines Wealth Management LLC increased its position in British American Tobacco by 25.0% in the 1st quarter. Pines Wealth Management LLC now owns 8,405 shares of the company's stock valued at $332,000 after acquiring an additional 1,682 shares during the period. AGH Wealth Advisors LLC bought a new position in shares of British American Tobacco during the first quarter valued at $209,000. Finally, HF Advisory Group LLC lifted its holdings in shares of British American Tobacco by 10.9% during the first quarter. HF Advisory Group LLC now owns 44,131 shares of the company's stock worth $1,826,000 after purchasing an additional 4,345 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Trading Down 0.8%

British American Tobacco stock traded down $0.41 during trading hours on Tuesday, reaching $47.49. 6,875,374 shares of the company's stock were exchanged, compared to its average volume of 5,081,951. The firm has a market capitalization of $98.16 billion, a PE ratio of 9.75 and a beta of 0.31. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm's 50 day simple moving average is $43.09 and its 200 day simple moving average is $40.18. British American Tobacco p.l.c. has a twelve month low of $30.29 and a twelve month high of $47.98.

British American Tobacco 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.