Investors sold shares of Reynolds American Inc. (NYSE:RAI) on strength during trading hours on Tuesday. $21.18 million flowed into the stock on the tick-up and $48.08 million flowed out of the stock on the tick-down, for a money net flow of $26.90 million out of the stock. Of all equities tracked, Reynolds American had the 0th highest net out-flow for the day. Reynolds American traded up $0.16 for the day and closed at $50.00

Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $57.00 price objective (up previously from $55.00) on shares of Reynolds American in a research note on Friday, July 15th. Bank of America Corp. reaffirmed a “buy” rating on shares of Reynolds American in a research note on Saturday, April 9th. Vetr cut shares of Reynolds American from a “strong-buy” rating to a “buy” rating and set a $56.66 price objective on the stock. in a research note on Thursday, April 7th. Finally, Berenberg Bank assumed coverage on shares of Reynolds American in a research note on Tuesday, June 14th. They issued a “hold” rating and a $54.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.67.

The company has a 50 day moving average of $51.76 and a 200-day moving average of $50.24. The company has a market capitalization of $71.37 billion and a price-to-earnings ratio of 13.49.

Reynolds American (NYSE:RAI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. During the same quarter in the prior year, the firm earned $1.02 EPS. The company earned $3.20 billion during the quarter, compared to the consensus estimate of $3.26 billion. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, equities analysts anticipate that Reynolds American Inc. will post $2.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, September 8th. This is a boost from Reynolds American’s previous quarterly dividend of $0.42.

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

A number of hedge funds have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake 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 valued at $76,732,000 after buying an additional 68,355 shares during the period. Coho Partners Ltd. raised its stake in Reynolds American by 1.0% in the fourth quarter. Coho Partners Ltd. now owns 1,245,772 shares of the company’s stock valued at $57,492,000 after buying an additional 12,893 shares during the period. Principal Financial Group Inc. raised its stake in Reynolds American by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,149,545 shares of the company’s stock valued at $53,052,000 after buying an additional 6,195 shares during the period. State of Tennessee Treasury Department raised its stake in Reynolds American by 29.9% in the fourth quarter. State of Tennessee Treasury Department now owns 934,424 shares of the company’s stock valued at $43,123,000 after buying an additional 215,019 shares during the period. Finally, Suntrust Banks Inc. raised its stake in Reynolds American by 6.1% in the fourth quarter. Suntrust Banks Inc. now owns 497,297 shares of the company’s stock valued at $22,949,000 after buying an additional 28,618 shares during the period.

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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