Voya Investment Management LLC increased its holdings in Reynolds American, Inc. (NYSE:RAI) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,807 shares of the company’s stock after purchasing an additional 4,958 shares during the period. Voya Investment Management LLC’s holdings in Reynolds American were worth $20,671,000 at the end of the most recent reporting period.

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

Shares of Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Monday. Reynolds American, Inc. has a 52 week low of $43.38 and a 52 week high of $67.81. The company’s 50-day moving average price is $65.25 and its 200 day moving average price is $64.00.

Several research firms have recently issued reports on RAI. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the stock a “hold” rating in a research note on Friday, August 25th. Cowen and Company reissued a “hold” rating and set a $65.00 price objective on shares of Reynolds American in a report on Tuesday, July 11th. BidaskClub downgraded Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.82.

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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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