Cibc World Markets Corp lowered its stake in Reynolds American, Inc. (NYSE:RAI) by 88.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 336,924 shares of the company’s stock after selling 2,507,464 shares during the period. Cibc World Markets Corp’s holdings in Reynolds American were worth $21,914,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harvest Management LLC grew its stake in Reynolds American by 9.6% in the 2nd quarter. Harvest Management LLC now owns 217,500 shares of the company’s stock valued at $14,146,000 after buying an additional 19,000 shares during the last quarter. Wealthfront Inc. grew its stake in Reynolds American by 3.8% in the 2nd quarter. Wealthfront Inc. now owns 28,217 shares of the company’s stock valued at $1,835,000 after buying an additional 1,040 shares during the last quarter. K2 Principal Fund L.P. grew its stake in Reynolds American by 100.7% in the 2nd quarter. K2 Principal Fund L.P. now owns 160,595 shares of the company’s stock valued at $10,445,000 after buying an additional 80,575 shares during the last quarter. TIAA FSB acquired a new position in Reynolds American in the 2nd quarter valued at about $1,006,000. Finally, FMR LLC grew its stake in Reynolds American by 16.0% in the 2nd quarter. FMR LLC now owns 14,053,162 shares of the company’s stock valued at $914,017,000 after buying an additional 1,938,819 shares during the last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.

A number of research analysts recently commented on the stock. 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 research note on Monday, June 12th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Two 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.82.

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Shares of Reynolds American, Inc. (NYSE RAI) traded down 2.23% on Friday, hitting $65.40. 159,452,032 shares of the company’s stock were exchanged. 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 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.

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

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