Prudential Financial Inc. raised its stake in shares of Reynolds American Inc. (NYSE:RAI) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,143,699 shares of the company’s stock after buying an additional 191,891 shares during the period. Prudential Financial Inc. owned about 0.22% of Reynolds American worth $148,225,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new position in Reynolds American during the second quarter valued at approximately $109,000. Feltz Wealth PLAN Inc. purchased a new position in Reynolds American during the second quarter valued at approximately $130,000. Quadrant Capital Group LLC raised its position in Reynolds American by 7.4% in the second quarter. Quadrant Capital Group LLC now owns 2,928 shares of the company’s stock valued at $150,000 after buying an additional 203 shares in the last quarter. D. Scott Neal Inc. raised its position in Reynolds American by 5,888.9% in the third quarter. D. Scott Neal Inc. now owns 3,234 shares of the company’s stock valued at $152,000 after buying an additional 3,180 shares in the last quarter. Finally, Community Bank N.A. raised its position in Reynolds American by 148.2% in the second quarter. Community Bank N.A. now owns 2,834 shares of the company’s stock valued at $153,000 after buying an additional 1,692 shares in the last quarter. Hedge funds and other institutional investors own 46.44% of the company’s stock.

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

Shares of Reynolds American Inc. (NYSE:RAI) opened at 54.67 on Tuesday. The stock has a market capitalization of $77.95 billion, a price-to-earnings ratio of 14.20 and a beta of 0.36. Reynolds American Inc. has a 1-year low of $43.38 and a 1-year high of $56.65. The firm’s 50-day moving average is $52.42 and its 200-day moving average is $50.76.

Reynolds American (NYSE:RAI) last issued its quarterly earnings data 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 the consensus estimate 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 was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. On average, analysts predict that Reynolds American Inc. will post $2.30 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the stock. Goldman Sachs Group Inc. restated a “neutral” rating and set a $53.00 price target on shares of Reynolds American in a research report on Saturday, October 15th. Citigroup Inc. set a $57.00 price target on shares of Reynolds American and gave the stock a “buy” rating in a research report on Thursday, October 20th. Jefferies Group assumed coverage on shares of Reynolds American in a research report on Wednesday, September 21st. They set a “buy” rating and a $61.00 price target for the company. Vetr lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating and set a $57.08 price target for the company. in a research report on Monday, October 24th. Finally, Zacks Investment Research upgraded shares of Reynolds American from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.56.

In other news, CEO Debra Ann Crew sold 10,818 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was 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 directly owns 41,835 shares in the company, valued at $2,281,680.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder American Tobacco P.L.C British sold 660,385 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Company 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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