Public Employees Retirement System of Ohio Sells 204,212 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Public Employees Retirement System of Ohio trimmed its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 26.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after buying an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco during the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its position in British American Tobacco by 334.4% during 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 last quarter. Duncker Streett & Co. Inc. grew its stake in shares of British American Tobacco by 43.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock worth $45,000 after buying an additional 374 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of British American Tobacco in the 4th quarter worth about $47,000. 16.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented 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 initiated coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Trading Down 0.4%

BTI traded down $0.17 during trading hours on Thursday, reaching $44.93. 4,673,260 shares of the company's stock traded hands, compared to its average volume of 4,966,824. The firm has a 50-day moving average price of $42.21 and a 200 day moving average price of $39.57. The firm has a market capitalization of $92.87 billion, a PE ratio of 9.22 and a beta of 0.32. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 52-week low of $30.01 and a 52-week high of $45.41.

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.