IFC Holdings Incorporated FL cut its position in Reynolds American Inc (NYSE:RAI) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,155 shares of the company’s stock after selling 528 shares during the period. IFC Holdings Incorporated FL’s holdings in Reynolds American were worth $727,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. acquired a new position in Reynolds American during the second quarter worth $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 during the period. 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 during the period. Boston Advisors LLC acquired a new position in Reynolds American during the second quarter worth $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 during the period. 46.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reynolds American Inc (NYSE:RAI) opened at 65.40 on Friday. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $67.81. The stock’s 50 day moving average is $65.27 and its 200 day moving average is $63.85.

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A number of research analysts have weighed in on the stock. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. BidaskClub lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Cowen and Company reissued a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a research note on Tuesday, July 11th. Piper Jaffray Companies assumed coverage on shares of Reynolds American in a research note 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 research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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