Keystone Financial Planning Inc. raised its position in shares of Reynolds American Inc (NYSE:RAI) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 77,633 shares of the company’s stock after buying an additional 3,183 shares during the period. Reynolds American accounts for about 3.1% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 15th largest position. Keystone Financial Planning Inc.’s holdings in Reynolds American were worth $5,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Shine Investment Advisory Services Inc. acquired a new position in Reynolds American during the second quarter worth approximately $119,000. Parallel Advisors LLC raised its position in Reynolds American by 21.2% in the first quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after buying an additional 537 shares in the last quarter. Baystate Wealth Management LLC raised its position in Reynolds American by 1.7% in the first quarter. Baystate Wealth Management LLC now owns 3,075 shares of the company’s stock worth $197,000 after buying an additional 50 shares in the last quarter. Boston Advisors LLC acquired a new position in Reynolds American during the second quarter worth approximately $202,000. Finally, Guardian Life Insurance Co. of America raised its position in Reynolds American by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock worth $201,000 after buying an additional 22 shares in the last quarter. Institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American Inc (RAI) opened at 65.40 on Friday. The company’s 50-day moving average is $65.27 and its 200-day moving average is $63.85. Reynolds American Inc has a 12-month low of $43.38 and a 12-month high of $67.81.

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A number of research analysts have commented on the stock. Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a report on Tuesday, July 11th. Piper Jaffray Companies began coverage on shares of Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Monday, June 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Reynolds American has an average rating of “Hold” and a consensus 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.

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

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