Franklin Street Advisors Inc. NC increased its stake in Reynolds American Inc. (NYSE:RAI) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,530 shares of the company’s stock after buying an additional 11,810 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Reynolds American were worth $5,212,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Reynolds American during the second quarter valued at approximately $66,684,000. Hedge funds and other institutional investors own 46.97% of the company’s stock.

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

Shares of Reynolds American Inc. (NYSE:RAI) opened at 53.84 on Friday. The firm has a 50 day moving average of $50.39 and a 200-day moving average of $50.44. Reynolds American Inc. has a 12 month low of $43.38 and a 12 month high of $56.65. The stock has a market capitalization of $76.76 billion, a P/E ratio of 13.99 and a beta of 0.36.

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

A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.12 target price on the stock in a report on Thursday, September 8th. Jefferies Group increased their target price 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. Credit Agricole SA lowered shares of Reynolds American from an “outperform” rating to an “underperform” rating and increased their target price for the stock from $52.00 to $55.00 in a report on Monday, October 24th. Citigroup Inc. assumed coverage on shares of Reynolds American in a report on Monday, September 12th. They set a “buy” rating and a $57.00 target price on the stock. Finally, Morgan Stanley reiterated a “hold” rating on shares of Reynolds American in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Reynolds American currently has an average rating of “Buy” and a consensus price target of $56.56.

In related news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The shares were 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 the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $54.54, for a total transaction 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. 0.11% of the stock is currently owned by corporate insiders.

Reynolds American Company Profile

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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