Reynolds American Inc. (NYSE:RAI) traded down 0% on Friday . The company traded as low as $52.48 and last traded at $52.95, with a volume of 2,462,946 shares. The stock had previously closed at $52.97.

A number of equities research analysts have recently weighed in on the company. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.66 price target on the stock in a research note on Wednesday, April 13th. Zacks Investment Research upgraded Reynolds American from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, April 12th. Berenberg Bank initiated coverage on Reynolds American in a research report on Tuesday, June 14th. They issued a “hold” rating and a $54.00 target price on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $54.00 target price on shares of Reynolds American in a research report on Thursday, April 14th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Reynolds American in a research report on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Reynolds American has an average rating of “Buy” and a consensus price target of $55.37.

The firm has a market capitalization of $75.83 billion and a price-to-earnings ratio of 11.21. The firm has a 50-day moving average of $51.25 and a 200 day moving average of $49.66.

Reynolds American (NYSE:RAI) last issued its earnings results on Tuesday, April 26th. The company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the business posted $0.86 EPS. Reynolds American’s revenue was up 41.8% on a year-over-year basis. On average, analysts anticipate that Reynolds American Inc. will post $2.34 earnings per share for the current year.

The firm also recently announced a special dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were given a dividend of $0.42 per share. 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 firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $49.82, for a total transaction of $249,100.00. Following the sale, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,494,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Susan M. Cameron sold 105,766 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $49.88, for a total value of $5,275,608.08. Following the sale, the chief executive officer now directly owns 565,247 shares in the company, valued at approximately $28,194,520.36. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in RAI. Morgan Stanley increased its position in Reynolds American by 389.1% in the fourth quarter. Morgan Stanley now owns 24,016,219 shares of the company’s stock worth $1,108,347,000 after buying an additional 19,105,911 shares in the last quarter. Wells Fargo & Company MN increased its position in Reynolds American by 13.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,277,040 shares of the company’s stock worth $243,535,000 after buying an additional 620,395 shares in the last quarter. CAM Group Holding A S purchased a new position in Reynolds American during the fourth quarter worth about $220,366,000. OppenheimerFunds Inc. increased its position in Reynolds American by 138.6% in the fourth quarter. OppenheimerFunds Inc. now owns 1,721,882 shares of the company’s stock worth $79,471,000 after buying an additional 1,000,222 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Reynolds American by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,662,536 shares of the company’s stock worth $76,732,000 after buying an additional 68,355 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).

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