Page Arthur B Has $241,000 Stake in Reynolds American Inc (RAI)

Page Arthur B lowered its stake in Reynolds American Inc (NYSE:RAI) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,700 shares of the company’s stock after selling 100 shares during the period. Page Arthur B’s holdings in Reynolds American were worth $241,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wright Investors Service Inc. boosted its stake in Reynolds American by 31.9% in the second quarter. Wright Investors Service Inc. now owns 40,064 shares of the company’s stock valued at $2,606,000 after buying an additional 9,695 shares in the last quarter. Opera Trading Capital purchased a new stake in Reynolds American during the second quarter valued at about $21,828,000. Lynch & Associates IN boosted its stake in Reynolds American by 0.7% in the second quarter. Lynch & Associates IN now owns 8,599 shares of the company’s stock valued at $559,000 after buying an additional 64 shares in the last quarter. Oakbrook Investments LLC boosted its stake in Reynolds American by 1.2% in the second quarter. Oakbrook Investments LLC now owns 32,492 shares of the company’s stock valued at $2,113,000 after buying an additional 400 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in Reynolds American by 0.8% in the second quarter. Bollard Group LLC now owns 248,360 shares of the company’s stock valued at $16,153,000 after buying an additional 2,080 shares in the last quarter. 46.34% of the stock is currently owned by institutional investors.

Reynolds American Inc (RAI) opened at 65.40 on Thursday. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81. The stock’s 50 day moving average is $65.46 and its 200 day moving average is $63.22. The stock has a market capitalization of $93.31 billion, a price-to-earnings ratio of 28.37 and a beta of 0.41.

Reynolds American (NYSE:RAI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Reynolds American Inc will post $2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were given a $0.51 dividend. The ex-dividend date was Thursday, June 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.12%. Reynolds American’s dividend payout ratio (DPR) is presently 88.31%.

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Several research firms have issued reports on RAI. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research note on Monday, June 12th. Finally, Piper Jaffray Companies began coverage on shares of Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $59.82.

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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