Piedmont Investment Advisors LLC raised its position in shares of Reynolds American, Inc. (NYSE:RAI) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,551 shares of the company’s stock after acquiring an additional 1,260 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Reynolds American were worth $11,483,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RAI. Waldron LP raised its holdings in shares of Reynolds American by 1.4% during the first 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. OMERS ADMINISTRATION Corp increased its holdings in shares of Reynolds American by 46.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 256,100 shares of the company’s stock valued at $16,139,000 after purchasing an additional 81,400 shares during the last quarter. KBC Group NV increased its holdings in shares of Reynolds American by 23.9% in the first quarter. KBC Group NV now owns 202,146 shares of the company’s stock valued at $12,739,000 after purchasing an additional 38,950 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Reynolds American by 5.8% in the first quarter. Stifel Financial Corp now owns 521,299 shares of the company’s stock valued at $32,877,000 after purchasing an additional 28,562 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its holdings in shares of Reynolds American by 0.7% in the first quarter. Atlantic Trust Group LLC now owns 55,060 shares of the company’s stock valued at $3,470,000 after purchasing an additional 391 shares during the last quarter. 46.34% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts recently commented on RAI shares. BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a report on Tuesday, July 11th. Finally, Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Reynolds American has an average rating of “Hold” and an average 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.

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

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