OLD National Bancorp IN Lowers Stake in British American Tobacco p.l.c. (NYSE:BTI)

OLD National Bancorp IN decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,753 shares of the company’s stock after selling 461 shares during the quarter. OLD National Bancorp IN’s holdings in British American Tobacco were worth $754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after acquiring an additional 2,868,675 shares during the period. Natixis Advisors LLC grew its holdings in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in British American Tobacco during the 3rd quarter worth approximately $28,183,000. Bridgewater Associates LP acquired a new stake in British American Tobacco during the 3rd quarter worth approximately $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after acquiring an additional 554,491 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 0.1 %

Shares of NYSE BTI opened at $39.64 on Friday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.85. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $37.11 and a two-hundred day moving average of $36.38.

Wall Street Analyst Weigh In

BTI has been the topic of several analyst reports. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

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.