Today, North Star Investment Management Corp. Continues to Hold Stake in Reynolds American Inc. (RAI)

Today, North Star Investment Management Corp. Continues to Hold Stake in Reynolds American Inc. (RAI)

North Star Investment Management Corp. continued to hold its stake in Reynolds American Inc. (NYSE:RAI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the company’s stock at the end of the third quarter. North Star Investment Management Corp.’s holdings in Reynolds American were worth $330,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Dynamic Advisors Solutions LLC raised its stake in Reynolds American by 2.8% in the third quarter. Dynamic Advisors Solutions LLC now owns 7,076 shares of the company’s stock valued at $334,000 after buying an additional 190 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Reynolds American by 24.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 210,367 shares of the company’s stock valued at $9,919,000 after buying an additional 42,002 shares in the last quarter. Gradient Investments LLC raised its stake in Reynolds American by 9,003.8% in the third quarter. Gradient Investments LLC now owns 97,593 shares of the company’s stock valued at $4,601,000 after buying an additional 96,521 shares in the last quarter. Advisory Services Network LLC raised its stake in Reynolds American by 13.0% in the third quarter. Advisory Services Network LLC now owns 7,382 shares of the company’s stock valued at $348,000 after buying an additional 848 shares in the last quarter. Finally, Independence Advisors LLC raised its stake in Reynolds American by 30.8% in the third quarter. Independence Advisors LLC now owns 5,314 shares of the company’s stock valued at $251,000 after buying an additional 1,250 shares in the last quarter. 46.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reynolds American Inc. (NYSE:RAI) traded up 0.48% during mid-day trading on Friday, hitting $54.61. The stock had a trading volume of 4,202,672 shares. Reynolds American Inc. has a 12-month low of $43.38 and a 12-month high of $56.65. The stock has a market cap of $77.86 billion, a price-to-earnings ratio of 14.19 and a beta of 0.36. The firm’s 50-day moving average price is $52.19 and its 200 day moving average price is $50.74.

Reynolds American (NYSE:RAI) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.04. Reynolds American had a return on equity of 15.13% and a net margin of 44.47%. The firm earned $3.21 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Reynolds American’s revenue was up 1.4% compared to the same quarter last year. Equities analysts forecast that Reynolds American Inc. will post $2.30 EPS for the current fiscal year.

Several research firms recently issued reports on RAI. Zacks Investment Research raised Reynolds American from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Vetr lowered Reynolds American from a “buy” rating to a “hold” rating and set a $56.74 price target on the stock. in a research report on Monday, October 31st. lowered Reynolds American from an “outperform” rating to an “underperform” rating and upped their price target for the company from $52.00 to $55.00 in a research report on Monday, October 24th. Wells Fargo & Co. reissued an “outperform” rating on shares of Reynolds American in a research report on Sunday, October 23rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target on shares of Reynolds American in a research report on Saturday, October 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $56.56.

In other Reynolds American news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total value of $31,718,291.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Debra Ann Crew sold 10,818 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $54.54, for a total value of $590,013.72. Following the completion of the sale, the chief executive officer now owns 41,835 shares of the company’s stock, valued at approximately $2,281,680.90. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).

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