Reynolds American Inc. (NYSE:RAI) hit a new 52-week high on Tuesday . The stock traded as high as $54.48 and last traded at $54.06, with a volume of 2,652,662 shares. The stock had previously closed at $53.73.

Several brokerages have recently weighed in on RAI. Bank of America Corp. reiterated a “buy” rating on shares of Reynolds American in a research note on Saturday, April 9th. Vetr downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating and set a $56.66 target price for the company. in a research note on Thursday, April 7th. Morgan Stanley reiterated a “hold” rating on shares of Reynolds American in a research note on Tuesday, April 26th. Royal Bank Of Canada increased their target price on shares of Reynolds American from $53.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, March 10th. Finally, Zacks Investment Research upgraded shares of Reynolds American from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Reynolds American currently has an average rating of “Buy” and a consensus target price of $55.37.

The company has a market capitalization of $76.52 billion and a P/E ratio of 11.31. The stock’s 50-day moving average price is $51.05 and its 200 day moving average price is $49.58.

Reynolds American (NYSE:RAI) last released its earnings results on Tuesday, April 26th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The company earned $2.92 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm posted $0.86 EPS. Reynolds American’s revenue for the quarter was up 41.8% on a year-over-year basis. Equities analysts anticipate that Reynolds American Inc. will post $2.34 EPS for the current year.

The business also recently announced a special dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were given a $0.42 dividend. This represents a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, June 8th.

In other news, Director Thomas C. Wajnert sold 5,000 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $49.82, for a total value of $249,100.00. Following the completion of the sale, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,494,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Susan M. Cameron sold 105,766 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $49.88, for a total transaction of $5,275,608.08. Following the completion of the sale, the chief executive officer now directly owns 565,247 shares of the company’s stock, valued at approximately $28,194,520.36. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in RAI. Parkwood LLC increased its stake in shares of Reynolds American by 72.5% in the fourth quarter. Parkwood LLC now owns 23,284 shares of the company’s stock worth $1,075,000 after buying an additional 9,784 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Reynolds American by 26.5% in the fourth quarter. Profund Advisors LLC now owns 27,116 shares of the company’s stock worth $1,251,000 after buying an additional 5,672 shares in the last quarter. Veritable L.P. increased its stake in shares of Reynolds American by 9.8% in the fourth quarter. Veritable L.P. now owns 52,488 shares of the company’s stock worth $2,422,000 after buying an additional 4,684 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Reynolds American by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,155 shares of the company’s stock worth $2,499,000 after buying an additional 897 shares in the last quarter. Finally, Tredje AP fonden increased its stake in shares of Reynolds American by 2.1% in the fourth quarter. Tredje AP fonden now owns 54,268 shares of the company’s stock worth $2,524,000 after buying an additional 1,100 shares in the last quarter.

Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.