Franklin Street Advisors Inc. NC Sells 2,061 Shares of Reynolds American Inc (RAI)

Franklin Street Advisors Inc. NC decreased its stake in shares of Reynolds American Inc (NYSE:RAI) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,297 shares of the company’s stock after selling 2,061 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Reynolds American were worth $605,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Reynolds American by 3,610.0% in the first quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock valued at $2,911,755,000 after buying an additional 44,958,351 shares in the last quarter. State Street Corp increased its stake in shares of Reynolds American by 3.3% in the first quarter. State Street Corp now owns 33,143,266 shares of the company’s stock valued at $2,089,076,000 after buying an additional 1,061,990 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Reynolds American by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock valued at $1,371,026,000 after buying an additional 3,799,305 shares in the last quarter. American International Group Inc. increased its stake in shares of Reynolds American by 1.2% in the first quarter. American International Group Inc. now owns 9,262,283 shares of the company’s stock valued at $583,709,000 after buying an additional 112,610 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Reynolds American by 8.2% in the first quarter. Geode Capital Management LLC now owns 7,553,177 shares of the company’s stock valued at $475,273,000 after buying an additional 571,672 shares in the last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.

Reynolds American Inc (RAI) opened at 65.40 on Friday. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $67.81. The firm’s 50-day moving average is $65.27 and its 200-day moving average is $63.85.

COPYRIGHT VIOLATION WARNING: “Franklin Street Advisors Inc. NC Sells 2,061 Shares of Reynolds American Inc (RAI)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/08/12/franklin-street-advisors-inc-nc-sells-2061-shares-of-reynolds-american-inc-rai-updated-updated.html.

RAI has been the topic of several recent analyst reports. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. 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. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Finally, Piper Jaffray Companies began coverage on shares of Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $59.82.

Reynolds American Company Profile

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.

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

What are top analysts saying about Reynolds American Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Reynolds American Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit