Axa trimmed its holdings in Reynolds American, Inc. (NYSE:RAI) by 20.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,089 shares of the company’s stock after selling 27,238 shares during the period. Axa’s holdings in Reynolds American were worth $6,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in Reynolds American by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock valued at $3,337,000 after acquiring an additional 500 shares during the last quarter. Pentwater Capital Management LP acquired a new stake in Reynolds American in the 1st quarter valued at about $321,455,000. Waldron LP grew its stake in Reynolds American by 1.4% in the 1st quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after acquiring an additional 294 shares during the last quarter. Motco grew its stake in Reynolds American by 549.7% in the 2nd quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Aviva PLC grew its stake in Reynolds American by 1.1% in the 2nd quarter. Aviva PLC now owns 519,739 shares of the company’s stock valued at $33,804,000 after acquiring an additional 5,440 shares during the last quarter. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Friday. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81. The stock’s 50 day moving average is $65.25 and its 200-day moving average is $64.00.

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A number of brokerages recently commented on RAI. Piper Jaffray Companies initiated coverage on shares of Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective on the stock. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research note on Monday, June 12th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock 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.

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

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