GSA Capital Partners LLP lowered its stake in shares of Reynolds American Inc. (NYSE:RAI) by 91.5% during the second quarter, Holdings Channel reports. The firm owned 3,833 shares of the company’s stock after selling 41,025 shares during the period. GSA Capital Partners LLP’s holdings in Reynolds American were worth $207,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Dynamic Advisors Solutions LLC boosted its stake in shares of Reynolds American by 0.6% in the second quarter. Dynamic Advisors Solutions LLC now owns 6,886 shares of the company’s stock worth $371,000 after buying an additional 44 shares in the last quarter. Williams Jones & Associates LLC boosted its stake in shares of Reynolds American by 0.8% in the first quarter. Williams Jones & Associates LLC now owns 6,186 shares of the company’s stock worth $311,000 after buying an additional 50 shares in the last quarter. Citizens Financial Group Inc RI boosted its stake in shares of Reynolds American by 1.2% in the first quarter. Citizens Financial Group Inc RI now owns 5,519 shares of the company’s stock worth $278,000 after buying an additional 66 shares in the last quarter. Conning Inc. boosted its stake in shares of Reynolds American by 0.4% in the second quarter. Conning Inc. now owns 20,304 shares of the company’s stock worth $1,095,000 after buying an additional 80 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Reynolds American by 0.9% in the first quarter. Fisher Asset Management LLC now owns 9,237 shares of the company’s stock worth $450,000 after buying an additional 83 shares in the last quarter. 46.92% of the stock is owned by institutional investors.
Reynolds American Inc. (NYSE:RAI) traded up 0.04% during trading on Friday, reaching $47.15. The company’s stock had a trading volume of 4,706,760 shares. The firm has a market cap of $67.30 billion, a P/E ratio of 12.72 and a beta of 0.36. The stock’s 50 day moving average is $49.17 and its 200-day moving average is $50.23. Reynolds American Inc. has a 52 week low of $44.06 and a 52 week high of $54.48.
Reynolds American (NYSE:RAI) last announced its earnings results on Tuesday, July 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by $0.03. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.26 billion. Reynolds American had a return on equity of 15.24% and a net margin of 42.97%. Reynolds American’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 EPS. On average, equities research analysts forecast that Reynolds American Inc. will post $2.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, September 8th. This is a boost from Reynolds American’s previous quarterly dividend of $0.42. Reynolds American’s dividend payout ratio is presently 49.73%.
A number of equities research analysts recently weighed in on the stock. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.12 price objective on the stock in a research note on Thursday, September 8th. Zacks Investment Research cut shares of Reynolds American from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. restated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of Reynolds American in a research note on Friday, July 15th. Jefferies Group assumed coverage on shares of Reynolds American in a research note on Wednesday, September 21st. They set a “buy” rating and a $61.00 price objective on the stock. Finally, Credit Agricole SA upgraded shares of Reynolds American from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $52.00 to $54.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.86.
In related news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total value of $31,718,291.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.
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).
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