Atalanta Sosnoff Capital LLC lowered its stake in shares of Reynolds American Inc. (NYSE:RAI) by 14.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 738,436 shares of the company’s stock after selling 123,317 shares during the period. Atalanta Sosnoff Capital LLC owned approximately 0.05% of Reynolds American worth $34,817,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Reynolds American by 155.4% in the second quarter. Prudential Financial Inc. now owns 2,951,808 shares of the company’s stock valued at $159,191,000 after buying an additional 1,795,912 shares during the period. Capital World Investors raised its position in shares of Reynolds American by 3.5% in the second quarter. Capital World Investors now owns 43,489,368 shares of the company’s stock valued at $2,345,382,000 after buying an additional 1,464,000 shares during the period. Artemis Investment Management LLP raised its position in shares of Reynolds American by 132.9% in the second quarter. Artemis Investment Management LLP now owns 2,380,516 shares of the company’s stock valued at $128,347,000 after buying an additional 1,358,456 shares during the period. Vanguard Group Inc. raised its position in shares of Reynolds American by 2.2% in the second quarter. Vanguard Group Inc. now owns 62,617,955 shares of the company’s stock valued at $3,376,987,000 after buying an additional 1,343,766 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in shares of Reynolds American during the second quarter valued at approximately $66,684,000. 46.97% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

Shares of Reynolds American Inc. (NYSE:RAI) opened at 53.84 on Friday. The stock’s 50 day moving average is $50.39 and its 200-day moving average is $50.44. The stock has a market cap of $76.76 billion, a P/E ratio of 13.99 and a beta of 0.36. Reynolds American Inc. has a one year low of $43.38 and a one year high of $56.65.

Reynolds American (NYSE:RAI) last issued its earnings results on Wednesday, October 19th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.04. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Reynolds American had a net margin of 44.47% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts forecast that Reynolds American Inc. will post $2.30 EPS for the current year.

RAI has been the subject of several research reports. Berenberg Bank upgraded shares of Reynolds American from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Friday, October 21st. Jefferies Group upped their price objective on shares of Reynolds American from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Citigroup Inc. restated a “buy” rating and issued a $57.00 price objective on shares of Reynolds American in a report on Monday, September 26th. Vetr lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating and set a $57.08 price objective for the company. in a report on Monday, October 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $52.00 price objective on shares of Reynolds American in a report on Saturday, October 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Reynolds American currently has a consensus rating of “Buy” and an average price target of $56.56.

In related news, major shareholder American Tobacco P.L.C British sold 660,385 shares of Reynolds American stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total value of $31,718,291.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Debra Ann Crew sold 10,818 shares of Reynolds American stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $54.54, for a total value of $590,013.72. Following the completion of the sale, the chief executive officer now owns 41,835 shares of the company’s stock, valued at $2,281,680.90. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

About Reynolds American

Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).

5 Day Chart for NYSE:RAI

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