Victory Capital Management Inc. reduced its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,466 shares of the company’s stock after selling 782 shares during the period. Victory Capital Management Inc.’s holdings in Reynolds American were worth $941,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RAI. Shine Investment Advisory Services Inc. purchased a new position in Reynolds American during the 2nd quarter worth $119,000. Parallel Advisors LLC grew its position in Reynolds American by 21.2% during the 1st quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after purchasing an additional 537 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in Reynolds American by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock worth $201,000 after purchasing an additional 22 shares during the last quarter. Family Management Corp purchased a new position in Reynolds American during the 1st quarter worth $202,000. Finally, Boston Advisors LLC purchased a new position in Reynolds American during the 2nd quarter worth $202,000. 46.34% of the stock is currently owned by institutional investors.

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

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RAI has been the topic of several research reports. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. Cowen and Company restated 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 began 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 for the company. Finally, Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $59.82.

Reynolds American 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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