Reynolds American, Inc. (NYSE:RAI) Stake Decreased by Capstone Asset Management Co.

Capstone Asset Management Co. lowered its position in Reynolds American, Inc. (NYSE:RAI) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,136 shares of the company’s stock after selling 876 shares during the period. Capstone Asset Management Co.’s holdings in Reynolds American were worth $789,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisors Solutions LLC boosted its position in Reynolds American by 0.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 6,966 shares of the company’s stock worth $439,000 after buying an additional 54 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock worth $1,109,000 after buying an additional 3,500 shares in the last quarter. Creative Planning boosted its position in Reynolds American by 4.5% in the first quarter. Creative Planning now owns 139,205 shares of the company’s stock worth $8,773,000 after buying an additional 5,972 shares in the last quarter. LifePlan Financial Group Inc boosted its position in Reynolds American by 1.7% in the first quarter. LifePlan Financial Group Inc now owns 14,957 shares of the company’s stock worth $943,000 after buying an additional 243 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Reynolds American by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 717,399 shares of the company’s stock worth $45,211,000 after buying an additional 21,946 shares in the last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.

Reynolds American, Inc. (RAI) traded down 2.23% during midday trading on Friday, reaching $65.40. The company’s stock had a trading volume of 159,452,032 shares. The company has a 50 day moving average of $65.25 and a 200-day moving average of $64.00. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81.

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A number of equities analysts have recently weighed in on the company. Piper Jaffray Companies started coverage on Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. BidaskClub lowered Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Monday, June 12th. Finally, Zacks Investment Research lowered Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average 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.

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

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