Bellwether Investment Group LLC boosted its stake in shares of Reynolds American, Inc. (NYSE:RAI) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,145 shares of the company’s stock after buying an additional 3 shares during the period. Bellwether Investment Group LLC’s holdings in Reynolds American were worth $205,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in Reynolds American by 2.7% in the first quarter. Nationwide Fund Advisors now owns 234,660 shares of the company’s stock valued at $14,788,000 after buying an additional 6,147 shares in the last quarter. Waldron LP raised its stake in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after buying an additional 294 shares in the last quarter. Profund Advisors LLC raised its stake in Reynolds American by 0.4% in the first quarter. Profund Advisors LLC now owns 19,866 shares of the company’s stock valued at $1,252,000 after buying an additional 86 shares in the last quarter. Breton Hill Capital Ltd. raised its stake in Reynolds American by 207.3% in the first quarter. Breton Hill Capital Ltd. now owns 172,067 shares of the company’s stock valued at $10,844,000 after buying an additional 332,402 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas raised its stake in Reynolds American by 6.4% in the first quarter. Smith Chas P & Associates PA Cpas now owns 6,827 shares of the company’s stock valued at $430,000 after buying an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Reynolds American, Inc. (NYSE:RAI) opened at 65.40 on Tuesday. The stock has a 50 day moving average price of $65.25 and a 200-day moving average price of $64.00. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81.

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Several brokerages have recently commented on RAI. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the stock a “hold” rating in a report on Friday. BidaskClub downgraded Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Piper Jaffray Companies began coverage on Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 target price on the stock. Cowen and Company reissued a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a 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 on the stock in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Reynolds American has an average rating of “Hold” and an average 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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