Swiss National Bank cut its stake in Reynolds American Inc. (NYSE:RAI) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 2,821,374 shares of the company’s stock after selling 35,300 shares during the period. Swiss National Bank’s holdings in Reynolds American were worth $133,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in Reynolds American by 7.2% in the second quarter. First Trust Advisors LP now owns 2,710,702 shares of the company’s stock valued at $146,188,000 after buying an additional 181,349 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Reynolds American by 155.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,891 shares of the company’s stock worth $156,000 after buying an additional 1,759 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Reynolds American by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 712,044 shares of the company’s stock worth $38,401,000 after buying an additional 8,474 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Reynolds American by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 214,291 shares of the company’s stock worth $11,557,000 after buying an additional 12,728 shares during the last quarter. Finally, Daiwa SB Investments Ltd. boosted its stake in shares of Reynolds American by 12.8% in the second quarter. Daiwa SB Investments Ltd. now owns 204,420 shares of the company’s stock worth $10,834,000 after buying an additional 23,150 shares during the last quarter. Hedge funds and other institutional investors own 46.44% of the company’s stock.

Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

Shares of Reynolds American Inc. (NYSE:RAI) opened at 54.67 on Tuesday. The stock has a market cap of $77.95 billion, a P/E ratio of 14.20 and a beta of 0.36. The firm has a 50-day moving average of $52.42 and a 200-day moving average of $50.76. Reynolds American Inc. has a 52-week low of $43.38 and a 52-week high of $56.65.

Reynolds American (NYSE:RAI) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by $0.04. Reynolds American had a return on equity of 15.13% and a net margin of 44.47%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Reynolds American Inc. will post $2.30 EPS for the current fiscal year.

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A number of brokerages recently weighed in on RAI. Zacks Investment Research upgraded shares of Reynolds American from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Vetr cut shares of Reynolds American from a “buy” rating to a “hold” rating and set a $56.74 target price for the company. in a report on Monday, October 31st. cut shares of Reynolds American from an “outperform” rating to an “underperform” rating and raised their target price for the stock from $52.00 to $55.00 in a report on Monday, October 24th. Wells Fargo & Co. restated an “outperform” rating on shares of Reynolds American in a report on Sunday, October 23rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $52.00 target price on shares of Reynolds American in a report on Saturday, October 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Reynolds American has an average rating of “Buy” and an average target price of $56.56.

In related news, CEO Debra Ann Crew sold 10,818 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $54.54, for a total transaction of $590,013.72. Following the completion of the transaction, the chief executive officer now owns 41,835 shares in the company, valued at $2,281,680.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder American Tobacco P.L.C British sold 660,385 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $48.03, for a total transaction of $31,718,291.55. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Reynolds American Company Profile

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).

5 Day Chart for NYSE:RAI

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