Reynolds American Inc. (NYSE:RAI) CEO Debra Ann Crew sold 10,818 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $54.54, for a total transaction of $590,013.72. Following the completion of the transaction, the chief executive officer now owns 41,835 shares in the company, valued at $2,281,680.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Reynolds American Inc. (NYSE:RAI) opened at 54.73 on Monday. Reynolds American Inc. has a 12 month low of $43.38 and a 12 month high of $56.65. The stock has a market capitalization of $78.03 billion, a P/E ratio of 14.22 and a beta of 0.40. The firm has a 50 day moving average of $48.50 and a 200-day moving average of $50.05.
Reynolds American (NYSE:RAI) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business earned $0.55 earnings per share. Reynolds American’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts forecast that Reynolds American Inc. will post $2.30 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Americafirst Capital Management LLC bought a new stake in Reynolds American during the second quarter valued at about $109,000. Feltz Wealth PLAN Inc. bought a new stake in Reynolds American during the second quarter valued at about $130,000. Quadrant Capital Group LLC boosted its stake in Reynolds American by 7.4% in the second quarter. Quadrant Capital Group LLC now owns 2,928 shares of the company’s stock valued at $150,000 after buying an additional 203 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Reynolds American by 5,888.9% in the third quarter. D. Scott Neal Inc. now owns 3,234 shares of the company’s stock valued at $152,000 after buying an additional 3,180 shares in the last quarter. Finally, Community Bank N.A. boosted its stake in Reynolds American by 148.2% in the second quarter. Community Bank N.A. now owns 2,834 shares of the company’s stock valued at $153,000 after buying an additional 1,692 shares in the last quarter. 46.87% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Vetr downgraded shares of Reynolds American from a “buy” rating to a “hold” rating and set a $56.74 price target on the stock. in a research note on Monday. Zacks Investment Research downgraded shares of Reynolds American from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $57.00 price target (up from $55.00) on shares of Reynolds American in a research note on Friday, July 15th. Citigroup Inc. set a $57.00 price target on shares of Reynolds American and gave the company a “buy” rating in a research note on Thursday, October 20th. Finally, Cowen and Company reissued an “outperform” rating and issued a $57.00 price target on shares of Reynolds American in a research note on Saturday, October 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $56.56.
Reynolds American Company Profile