British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its stake 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 disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTI. SRS Capital Advisors Inc. lifted its position in British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after acquiring an additional 525 shares during the last quarter. Ameriflex Group Inc. acquired a new position in British American Tobacco in the fourth quarter valued at $26,000. Financial Management Professionals Inc. increased its stake in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco in the fourth quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. increased its stake in British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock valued at $40,000 after purchasing an additional 846 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded up $0.15 on Friday, reaching $48.75. 5,795,799 shares of the stock were exchanged, compared to its average volume of 5,131,294. British American Tobacco p.l.c. has a 1-year low of $30.33 and a 1-year high of $49.20. 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 business has a fifty day moving average price of $43.56 and a two-hundred day moving average price of $40.37. The firm has a market capitalization of $100.76 billion, a PE ratio of 10.01 and a beta of 0.31.

Analysts Set New Price Targets

A number of research analysts have commented on BTI shares. Bank of America started coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating on the stock. Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, British American Tobacco currently has an average rating of "Moderate Buy" and an average price target 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.