Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of Reynolds American, Inc. (NYSE:RAI) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,113 shares of the company’s stock after selling 570 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Reynolds American were worth $1,119,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in RAI. Shine Investment Advisory Services Inc. purchased a new stake in shares of Reynolds American during the second quarter valued at approximately $119,000. 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. Boston Advisors LLC purchased a new stake in shares of Reynolds American during the second quarter valued at approximately $202,000. Gould Asset Management LLC CA purchased a new stake in shares of Reynolds American during the second quarter valued at approximately $203,000. Finally, 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. 46.34% of the stock is owned by institutional investors and hedge funds.

Reynolds American, Inc. (RAI) opened at 65.40 on Friday. Reynolds American, Inc. has a one year low of $43.38 and a one year high of $67.81. The stock’s 50 day moving average price is $65.25 and its 200-day moving average price is $64.00.

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Several brokerages recently commented on RAI. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a research note on Friday. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Piper Jaffray Companies initiated coverage on Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price for the company. Cowen and Company reaffirmed a “hold” rating and set a $65.00 target price on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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.

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

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