HighTower Advisors LLC Increases Stake in Reynolds American Inc (RAI)

HighTower Advisors LLC raised its position in Reynolds American Inc (NYSE:RAI) by 9.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 190,299 shares of the company’s stock after buying an additional 16,674 shares during the period. HighTower Advisors LLC’s holdings in Reynolds American were worth $8,977,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Capital World Investors boosted its stake in Reynolds American by 3.5% in the second quarter. Capital World Investors now owns 43,489,368 shares of the company’s stock worth $2,345,382,000 after buying an additional 1,464,000 shares during the last quarter. FMR LLC boosted its stake in Reynolds American by 1.0% in the second quarter. FMR LLC now owns 33,494,646 shares of the company’s stock worth $1,806,367,000 after buying an additional 315,803 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Reynolds American by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 21,533,610 shares of the company’s stock worth $1,161,308,000 after buying an additional 118,437 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Reynolds American by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 21,285,168 shares of the company’s stock valued at $1,003,596,000 after buying an additional 66,948 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Reynolds American by 2.7% in the third quarter. Morgan Stanley now owns 21,282,758 shares of the company’s stock valued at $1,003,483,000 after buying an additional 566,133 shares in the last quarter. 46.32% of the stock is owned by institutional investors and hedge funds.

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

Reynolds American Inc (NYSE:RAI) traded up 0.61% during midday trading on Wednesday, hitting $56.15. The stock had a trading volume of 1,237,161 shares. The stock’s 50-day moving average is $55.36 and its 200-day moving average is $51.81. Reynolds American Inc has a 1-year low of $43.38 and a 1-year high of $56.65. The stock has a market capitalization of $80.06 billion, a PE ratio of 14.59 and a beta of 0.35.

Reynolds American (NYSE:RAI) last issued 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 net margin of 44.47% and a return on equity of 15.13%. The business earned $3.21 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the firm posted $0.55 earnings per share. Reynolds American’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Reynolds American Inc will post $2.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Monday, December 12th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, December 8th. Reynolds American’s dividend payout ratio (DPR) is presently 47.92%.

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Several equities analysts have recently weighed in on RAI shares. Jefferies Group started coverage on shares of Reynolds American in a research note on Wednesday, September 21st. They set a “buy” rating and a $61.00 price target for the company. Citigroup Inc. reaffirmed a “buy” rating and set a $57.00 price target on shares of Reynolds American in a research note on Monday, September 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $53.00 price target on shares of Reynolds American in a research note on Saturday, October 15th. Berenberg Bank raised shares of Reynolds American from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Friday, October 21st. Finally, Cowen and Company reaffirmed an “outperform” rating and set 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 issued a hold rating and ten have given a buy rating to the stock. Reynolds American presently has a consensus rating of “Buy” and an average target price of $56.35.

In other Reynolds American news, CEO Debra Ann Crew sold 10,818 shares of the business’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 transaction, the chief executive officer now directly owns 41,835 shares of the company’s stock, valued at $2,281,680.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company 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).

5 Day Chart for NYSE:RAI

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