Evermay Wealth Management LLC increased its stake in shares of Reynolds American Inc (NYSE:RAI) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,013 shares of the company’s stock after buying an additional 1 shares during the period. Evermay Wealth Management LLC’s holdings in Reynolds American were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RAI. Louisiana State Employees Retirement System raised its position in Reynolds American by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock valued at $3,337,000 after buying an additional 500 shares during the period. Waldron LP raised its position in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after buying an additional 294 shares during the period. Capital Fund Management S.A. raised its position in Reynolds American by 2,030.6% in the first quarter. Capital Fund Management S.A. now owns 46,063 shares of the company’s stock worth $2,903,000 after buying an additional 43,901 shares during the last quarter. Pentwater Capital Management LP acquired a new position in Reynolds American during the first quarter worth approximately $321,455,000. Finally, Jackson Grant Investment Advisers Inc. raised its position in Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock worth $268,000 after buying an additional 25 shares during the last quarter. Institutional investors own 46.34% of the company’s stock.

Reynolds American Inc (RAI) opened at 65.40 on Thursday. Reynolds American Inc has a 52 week low of $43.38 and a 52 week high of $67.81. The company’s 50-day moving average price is $65.29 and its 200 day moving average price is $63.79.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/10/evermay-wealth-management-llc-buys-1-shares-of-reynolds-american-inc-nyserai.html.

A number of equities analysts have recently commented on RAI shares. Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 price objective on shares of Reynolds American in a research note on Wednesday, April 26th. Zacks Investment Research lowered Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Piper Jaffray Companies started coverage on Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective on the stock. BidaskClub lowered Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $59.82.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

Want to see what other hedge funds are holding RAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reynolds American Inc (NYSE:RAI).

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

Receive News & Ratings for Reynolds American Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds American Inc and related companies with MarketBeat.com's FREE daily email newsletter.