Oppenheimer & Co. Inc. decreased its position in Reynolds American Inc (NYSE:RAI) by 19.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,822 shares of the company’s stock after selling 4,889 shares during the period. Oppenheimer & Co. Inc.’s holdings in Reynolds American were worth $1,312,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RAI. BlackRock Inc. increased its stake in shares of Reynolds American by 3,610.0% in the first quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock valued at $2,911,755,000 after buying an additional 44,958,351 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Reynolds American by 48,701.2% in the first quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock valued at $347,526,000 after buying an additional 5,503,235 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Reynolds American by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock valued at $1,371,026,000 after buying an additional 3,799,305 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Reynolds American by 183.7% in the first quarter. Bank of Montreal Can now owns 3,872,377 shares of the company’s stock valued at $244,037,000 after buying an additional 2,507,421 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Reynolds American by 169.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,453,597 shares of the company’s stock valued at $217,646,000 after buying an additional 2,171,084 shares in the last quarter. 46.34% of the stock is owned by institutional investors.

Shares of Reynolds American Inc (NYSE:RAI) traded down 2.23% on Thursday, reaching $65.40. 159,452,032 shares of the company’s stock were exchanged. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81. The firm has a 50 day moving average of $65.38 and a 200 day moving average of $63.55.

Reynolds American (NYSE:RAI) last released its earnings results on Wednesday, May 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.03 billion. Reynolds American had a return on equity of 15.64% and a net margin of 26.23%. Reynolds American’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities research analysts expect that Reynolds American Inc will post $2.56 EPS for the current fiscal year.

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Several brokerages have recently weighed in on RAI. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a report on Tuesday, July 11th. BidaskClub downgraded shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Monday, June 12th. Finally, Piper Jaffray Companies initiated coverage on shares of Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 target price on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Reynolds American presently has a consensus rating of “Hold” and a consensus target price of $59.82.

About Reynolds American

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

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

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