Intl Fcstone Inc. purchased a new stake in shares of Reynolds American, Inc. (NYSE:RAI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,430 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. RNC Capital Management LLC increased its holdings in Reynolds American by 1.9% during the 2nd quarter. RNC Capital Management LLC now owns 25,932 shares of the company’s stock valued at $1,687,000 after purchasing an additional 478 shares in the last quarter. Sentry Investment Management LLC increased its holdings in Reynolds American by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 63,488 shares of the company’s stock valued at $4,129,000 after purchasing an additional 662 shares in the last quarter. Toronto Dominion Bank increased its holdings in Reynolds American by 74.4% during the 2nd quarter. Toronto Dominion Bank now owns 4,586,222 shares of the company’s stock valued at $298,231,000 after purchasing an additional 1,957,170 shares in the last quarter. Advisory Services Network LLC increased its holdings in Reynolds American by 18.8% during the 2nd quarter. Advisory Services Network LLC now owns 5,836 shares of the company’s stock valued at $380,000 after purchasing an additional 922 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in Reynolds American by 24.8% during the 2nd quarter. WINTON GROUP Ltd now owns 1,096,596 shares of the company’s stock valued at $71,323,000 after purchasing an additional 218,233 shares in the last quarter. 46.34% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently commented on RAI shares. 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. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Eight analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.43.

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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