Rand Wealth LLC raised its stake in Reynolds American Inc. (NYSE:RAI) by 11.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,626 shares of the company’s stock after buying an additional 478 shares during the period. Rand Wealth LLC’s holdings in Reynolds American were worth $218,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in Reynolds American by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 129,926 shares of the company’s stock valued at $6,126,000 after buying an additional 8,100 shares during the period. M&T Bank Corp boosted its position in shares of Reynolds American by 4.6% in the third quarter. M&T Bank Corp now owns 133,264 shares of the company’s stock worth $6,283,000 after buying an additional 5,855 shares during the last quarter. Delta Lloyd NV boosted its position in shares of Reynolds American by 13.3% in the third quarter. Delta Lloyd NV now owns 63,142 shares of the company’s stock worth $2,977,000 after buying an additional 7,434 shares during the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Reynolds American by 48.1% in the third quarter. Van Hulzen Asset Management LLC now owns 24,622 shares of the company’s stock worth $1,161,000 after buying an additional 8,000 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Reynolds American by 96.8% in the third quarter. Toronto Dominion Bank now owns 40,077 shares of the company’s stock worth $1,890,000 after buying an additional 19,717 shares during the last quarter. Institutional investors and hedge funds own 46.44% of the company’s stock.
Reynolds American Inc. (NYSE:RAI) traded up 0.64% during trading on Monday, reaching $54.96. The company had a trading volume of 3,183,235 shares. The firm has a 50-day moving average price of $52.19 and a 200 day moving average price of $50.74. 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 $78.36 billion, a P/E ratio of 14.28 and a beta of 0.36.
Reynolds American (NYSE:RAI) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by $0.04. Reynolds American had a net margin of 44.47% and a return on equity of 15.13%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Reynolds American Inc. will post $2.30 EPS for the current fiscal year.
A number of brokerages recently weighed in on RAI. Vetr cut Reynolds American from a “buy” rating to a “hold” rating and set a $56.74 target price on the stock. in a report on Monday, October 31st. Citigroup Inc. set a $57.00 target price on Reynolds American and gave the company a “buy” rating in a report on Thursday, October 20th. Cowen and Company reiterated an “outperform” rating and issued a $57.00 target price on shares of Reynolds American in a report on Saturday, October 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 target price on shares of Reynolds American in a report on Saturday, October 22nd. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Reynolds American in a report on Sunday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $56.56.
In related news, CEO Debra Ann Crew sold 10,818 shares of the company’s stock in a transaction on Wednesday, October 26th. The shares were 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 directly owns 41,835 shares in the company, valued at $2,281,680.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder American Tobacco P.L.C British sold 660,385 shares of the company’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total transaction of $31,718,291.55. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.
About Reynolds American
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).