Private Bank & Trust Co. maintained its stake in Reynolds American Inc (NYSE:RAI) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,784 shares of the company’s stock at the end of the second quarter. Private Bank & Trust Co.’s holdings in Reynolds American were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in Reynolds American by 7.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the company’s stock worth $182,000 after buying an additional 195 shares during the period. Baystate Wealth Management LLC boosted its stake in shares of Reynolds American by 1.7% in the first quarter. Baystate Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $197,000 after buying an additional 50 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Reynolds American by 21.2% in the first quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock valued at $198,000 after buying an additional 537 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Reynolds American by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock valued at $201,000 after buying an additional 22 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Reynolds American during the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 46.34% of the company’s stock.

Shares of Reynolds American Inc (NYSE RAI) opened at 65.40 on Monday. The firm’s 50-day moving average price is $65.38 and its 200 day moving average price is $63.55. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81.

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

Reynolds American Company Profile

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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