British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 566,224 shares of the company's stock after selling 204,212 shares during the period. Public Employees Retirement System of Ohio's holdings in British American Tobacco were worth $20,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC increased its holdings in shares of British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after purchasing an additional 258 shares during the period. Keystone Financial Group boosted its holdings in shares of British American Tobacco by 1.5% in the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after acquiring an additional 267 shares during the last quarter. Stokes Family Office LLC lifted its position in British American Tobacco by 1.9% during the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after purchasing an additional 269 shares during the period. Harbour Investments Inc. grew its position in British American Tobacco by 17.0% during the 4th quarter. Harbour Investments Inc. now owns 2,095 shares of the company's stock worth $76,000 after purchasing an additional 305 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of British American Tobacco by 0.4% in the fourth quarter. Moors & Cabot Inc. now owns 81,858 shares of the company's stock worth $2,973,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Price Performance

Shares of British American Tobacco stock traded down $0.01 on Friday, hitting $44.97. The company's stock had a trading volume of 3,737,478 shares, compared to its average volume of 4,967,806. The company has a market capitalization of $92.95 billion, a price-to-earnings ratio of 9.23 and a beta of 0.32. British American Tobacco p.l.c. has a 1 year low of $30.29 and a 1 year high of $45.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a fifty day moving average price of $42.29 and a 200-day moving average price of $39.64.

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.