GW Henssler & Associates Ltd. increased its stake in Reynolds American Inc. (NYSE:RAI) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 130,025 shares of the company’s stock after buying an additional 2,076 shares during the period. GW Henssler & Associates Ltd.’s holdings in Reynolds American were worth $7,012,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Americafirst Capital Management LLC bought a new position in shares of Reynolds American during the second quarter valued at about $109,000. Community Bank N.A. raised its position in shares of Reynolds American by 148.2% in the second quarter. Community Bank N.A. now owns 2,834 shares of the company’s stock valued at $153,000 after buying an additional 1,692 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Reynolds American by 155.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,891 shares of the company’s stock valued at $156,000 after buying an additional 1,759 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Reynolds American by 7.4% in the second quarter. Quadrant Capital Group LLC now owns 2,928 shares of the company’s stock valued at $150,000 after buying an additional 203 shares in the last quarter. Finally, First Financial Corp IN raised its position in shares of Reynolds American by 18.7% in the second quarter. First Financial Corp IN now owns 3,616 shares of the company’s stock valued at $195,000 after buying an additional 570 shares in the last quarter. 46.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Reynolds American Inc. (NYSE:RAI) traded down 0.36% during mid-day trading on Friday, hitting $47.27. 6,043,920 shares of the stock traded hands. Reynolds American Inc. has a 1-year low of $44.06 and a 1-year high of $54.48. The company’s 50-day moving average price is $48.15 and its 200 day moving average price is $50.00. The company has a market capitalization of $67.47 billion, a PE ratio of 12.75 and a beta of 0.40.
Reynolds American (NYSE:RAI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Reynolds American had a net margin of 42.97% and a return on equity of 15.24%. The firm’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. Equities research analysts forecast that Reynolds American Inc. will post $2.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were given a dividend of $0.46 per share. This is an increase from Reynolds American’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Thursday, September 8th. Reynolds American’s payout ratio is presently 49.73%.
Several brokerages recently issued reports on RAI. Goldman Sachs Group Inc. lowered shares of Reynolds American from a “buy” rating to a “neutral” rating and cut their target price for the stock from $56.00 to $53.00 in a research note on Monday, September 12th. Zacks Investment Research raised shares of Reynolds American from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Citigroup Inc. reissued a “buy” rating and set a $57.00 target price on shares of Reynolds American in a research note on Monday, September 26th. Jefferies Group began coverage on shares of Reynolds American in a research note on Wednesday, September 21st. They set a “buy” rating and a $61.00 target price on the stock. Finally, Credit Agricole SA raised shares of Reynolds American from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $52.00 to $54.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Reynolds American presently has an average rating of “Buy” and a consensus target price of $55.93.
In other Reynolds American news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the business’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $48.03, for a total transaction of $31,718,291.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.
Reynolds American Company Profile
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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