DekaBank Deutsche Girozentrale cut its position in Reynolds American Inc (NYSE:RAI) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 680,204 shares of the company’s stock after selling 52,687 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Reynolds American were worth $44,411,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RAI. BlackRock Inc. boosted its position in Reynolds American by 3,610.0% in the first quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock worth $2,911,755,000 after buying an additional 44,958,351 shares during the last quarter. State Street Corp boosted its position in Reynolds American by 3.3% in the first quarter. State Street Corp now owns 33,143,266 shares of the company’s stock worth $2,089,076,000 after buying an additional 1,061,990 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Reynolds American by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock worth $1,371,026,000 after buying an additional 3,799,305 shares during the last quarter. American International Group Inc. boosted its position in Reynolds American by 1.2% in the first quarter. American International Group Inc. now owns 9,262,283 shares of the company’s stock worth $583,709,000 after buying an additional 112,610 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Reynolds American by 8.2% in the first quarter. Geode Capital Management LLC now owns 7,553,177 shares of the company’s stock worth $475,273,000 after buying an additional 571,672 shares during the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American Inc (NYSE:RAI) opened at 65.40 on Friday. The company’s 50-day moving average price is $65.27 and its 200 day moving average price is $63.80. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81.

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A number of equities analysts have recently issued reports on RAI shares. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a report on Tuesday, July 11th. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Piper Jaffray Companies started coverage on Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. Finally, Jefferies Group LLC set a $60.00 price objective on Reynolds American and gave the stock a “hold” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $59.82.

About Reynolds American

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.

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

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