Reynolds American Inc. (NYSE:RAI)’s share price was down 1.8% during mid-day trading on Wednesday . The stock traded as low as $49.03 and last traded at $49.12, with a volume of 2,632,511 shares changing hands. The stock had previously closed at $50.00.

Several equities analysts recently issued reports on RAI shares. Zacks Investment Research upgraded Reynolds American from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday, April 12th. Bank of America Corp. restated a “buy” rating on shares of Reynolds American in a research report on Saturday, April 9th. Vetr cut Reynolds American from a “strong-buy” rating to a “buy” rating and set a $56.66 price target on the stock. in a research report on Thursday, April 7th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $54.00 price target on shares of Reynolds American in a research report on Thursday, April 14th. Finally, Berenberg Bank started coverage on Reynolds American in a research report on Tuesday, June 14th. They issued a “hold” rating and a $54.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.67.

The company has a 50 day moving average price of $51.69 and a 200-day moving average price of $50.23. The stock has a market capitalization of $70.09 billion and a price-to-earnings ratio of 13.250.

Reynolds American (NYSE:RAI) last posted 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 previous year, the company posted $1.02 earnings per share. The company earned $3.20 billion during the quarter, compared to the consensus estimate of $3.26 billion. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. Analysts predict that Reynolds American Inc. will post $2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 8th. This is a boost from Reynolds American’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.76%.

In other Reynolds American news, Director Thomas C. Wajnert sold 5,000 shares of Reynolds American stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Susan M. Cameron sold 105,766 shares of Reynolds American stock in a transaction that occurred 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 completion of 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 have recently added to or reduced their stakes in RAI. Roosevelt Investment Group Inc. increased its stake in Reynolds American by 4.8% in the fourth quarter. Roosevelt Investment Group Inc. now owns 26,820 shares of the company’s stock worth $1,238,000 after buying an additional 1,219 shares during the last quarter. Advantus Capital Management Inc increased its stake in Reynolds American by 3.5% in the fourth quarter. Advantus Capital Management Inc now owns 80,525 shares of the company’s stock worth $3,716,000 after buying an additional 2,738 shares during the last quarter. Veritable L.P. increased its stake in 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 during the last quarter. KBC Group NV increased its stake in Reynolds American by 9.2% in the fourth quarter. KBC Group NV now owns 88,354 shares of the company’s stock worth $4,078,000 after buying an additional 7,456 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Reynolds American by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 174,475 shares of the company’s stock worth $8,052,000 after buying an additional 12,826 shares during 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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