Oppenheimer & Co. Inc. trimmed its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 16.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,489 shares of the company’s stock after selling 3,333 shares during the period. Oppenheimer & Co. Inc.’s holdings in Reynolds American were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Hikari Power Ltd purchased a new stake in Reynolds American during the 2nd quarter worth $200,000. Swiss National Bank boosted its position in Reynolds American by 30.9% during the 2nd quarter. Swiss National Bank now owns 4,109,274 shares of the company’s stock worth $267,267,000 after purchasing an additional 969,400 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Reynolds American by 6.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 14,019 shares of the company’s stock worth $912,000 after purchasing an additional 906 shares during the period. OZ Management LP purchased a new stake in Reynolds American during the 2nd quarter worth $120,264,000. Finally, Principal Financial Group Inc. boosted its position in Reynolds American by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 1,212,231 shares of the company’s stock worth $78,844,000 after purchasing an additional 16,593 shares during the period. 46.34% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts recently weighed in on the stock. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. BidaskClub cut shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Piper Jaffray Companies assumed coverage on shares of Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. Cowen and Company reissued a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.82.

Reynolds American, Inc. (NYSE:RAI) opened at 65.40 on Friday. The stock’s 50 day moving average is $65.25 and its 200 day moving average is $64.00. Reynolds American, Inc. has a 12 month low of $43.38 and a 12 month high of $67.81.

Reynolds American 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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