Vanguard Group Inc. raised its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,929,495 shares of the company’s stock after buying an additional 1,706,536 shares during the quarter. Vanguard Group Inc.’s holdings in Reynolds American were worth $3,897,814,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Reynolds American by 10.1% during the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock worth $3,308,096,000 after buying an additional 4,658,748 shares in the last quarter. State Street Corp grew its holdings in shares of Reynolds American by 3.3% during 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 in the last quarter. American International Group Inc. grew its holdings in shares of Reynolds American by 1.2% during 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Reynolds American by 8.2% during 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 in the last quarter. Finally, York Capital Management Global Advisors LLC grew its holdings in shares of Reynolds American by 22.3% during the first quarter. York Capital Management Global Advisors LLC now owns 6,164,677 shares of the company’s stock worth $388,498,000 after buying an additional 1,125,112 shares in the last quarter. 46.34% of the stock is owned by institutional investors and hedge funds.

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Shares of Reynolds American, Inc. (RAI) traded down 2.23% during midday trading on Thursday, hitting $65.40. 159,452,032 shares of the company were exchanged. Reynolds American, Inc. has a 52-week low of $43.38 and a 52-week high of $67.81. The company has a 50-day moving average price of $65.25 and a 200-day moving average price of $64.00.

A number of equities research analysts have recently issued reports on RAI shares. BidaskClub lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a report on Friday, August 25th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 target price on shares of Reynolds American in a report on Tuesday, July 11th. Vetr raised 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 report on Monday, June 12th. Finally, Piper Jaffray Companies started coverage on shares of Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus 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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