Stifel Financial Corp increased its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 543,943 shares of the company’s stock after acquiring an additional 22,644 shares during the quarter. Stifel Financial Corp’s holdings in Reynolds American were worth $35,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Reynolds American by 2.9% during the second quarter. Vanguard Group Inc. now owns 59,929,495 shares of the company’s stock worth $3,897,814,000 after acquiring an additional 1,706,536 shares during the last quarter. BlackRock Inc. boosted its position in Reynolds American by 10.1% during the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock worth $3,308,096,000 after acquiring an additional 4,658,748 shares during the last quarter. State Street Corp boosted its position in Reynolds American by 3.3% during the first quarter. State Street Corp now owns 33,143,266 shares of the company’s stock worth $2,089,076,000 after acquiring an additional 1,061,990 shares during the last quarter. FMR LLC boosted its position in Reynolds American by 16.0% during the second quarter. FMR LLC now owns 14,053,162 shares of the company’s stock worth $914,017,000 after acquiring an additional 1,938,819 shares during the last quarter. Finally, American International Group Inc. boosted its position in Reynolds American by 1.2% during the first quarter. American International Group Inc. now owns 9,262,283 shares of the company’s stock worth $583,709,000 after acquiring an additional 112,610 shares during the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

A number of equities analysts have commented on RAI shares. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 target price 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 note on Monday, July 17th. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Reynolds American currently has a consensus rating of “Hold” and an average price target of $59.82.

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Reynolds American, Inc. (NYSE:RAI) traded down 2.23% during midday trading on Thursday, hitting $65.40. 159,452,032 shares of the stock were exchanged. The firm has a 50 day moving average of $65.25 and a 200-day moving average of $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.

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

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