OLD National Bancorp IN Purchases 1,806 Shares of British American Tobacco p.l.c. (NYSE:BTI)

OLD National Bancorp IN increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,221 shares of the company’s stock after buying an additional 1,806 shares during the period. OLD National Bancorp IN’s holdings in British American Tobacco were worth $625,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC purchased a new stake in British American Tobacco in the 2nd quarter worth approximately $6,153,000. U.S. Capital Wealth Advisors LLC lifted its holdings in British American Tobacco by 7.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 314,141 shares of the company’s stock worth $9,716,000 after buying an additional 21,269 shares in the last quarter. MADDEN SECURITIES Corp boosted its stake in British American Tobacco by 1.7% in the 2nd quarter. MADDEN SECURITIES Corp now owns 30,535 shares of the company’s stock worth $944,000 after purchasing an additional 500 shares during the period. Valeo Financial Advisors LLC grew its holdings in British American Tobacco by 17.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 15,313 shares of the company’s stock valued at $474,000 after buying an additional 2,317 shares in the last quarter. Finally, Adams Asset Advisors LLC increased its stake in shares of British American Tobacco by 8.5% in the second quarter. Adams Asset Advisors LLC now owns 390,767 shares of the company’s stock valued at $12,086,000 after buying an additional 30,772 shares during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded British American Tobacco from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 3rd.

British American Tobacco Stock Up 0.1 %

Shares of NYSE:BTI traded up $0.05 during trading on Friday, hitting $35.95. 5,493,697 shares of the company’s stock were exchanged, compared to its average volume of 4,955,143. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business’s 50-day simple moving average is $32.63 and its 200 day simple moving average is $30.97. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $36.45.

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.