Diversified Trust Co continued to hold its stake in Reynolds American Inc. (NYSE:RAI) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,344 shares of the company’s stock at the end of the second quarter. Diversified Trust Co’s holdings in Reynolds American were worth $288,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in Reynolds American by 3.3% in the first quarter. State Street Corp now owns 31,757,800 shares of the company’s stock valued at $1,597,726,000 after buying an additional 1,003,117 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Reynolds American by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,902,757 shares of the company’s stock valued at $1,051,618,000 after buying an additional 109,385 shares during the period. JPMorgan Chase & Co. boosted its stake in Reynolds American by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 12,600,553 shares of the company’s stock valued at $633,933,000 after buying an additional 636,616 shares during the period. BlackRock Fund Advisors boosted its stake in Reynolds American by 1.7% in the first quarter. BlackRock Fund Advisors now owns 10,658,716 shares of the company’s stock valued at $536,240,000 after buying an additional 174,579 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Reynolds American by 1.8% in the first quarter. Geode Capital Management LLC now owns 6,394,044 shares of the company’s stock valued at $320,995,000 after buying an additional 114,893 shares during the period. Institutional investors and hedge funds own 46.92% of the company’s stock.
Shares of Reynolds American Inc. (NYSE:RAI) traded down 1.53% during mid-day trading on Thursday, hitting $47.13. The stock had a trading volume of 3,478,458 shares. The firm’s 50 day moving average price is $49.25 and its 200-day moving average price is $50.26. Reynolds American Inc. has a one year low of $43.02 and a one year high of $54.48. The company has a market cap of $67.27 billion, a PE ratio of 12.72 and a beta of 0.36.
Reynolds American (NYSE:RAI) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.03. Reynolds American had a return on equity of 15.24% and a net margin of 42.97%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, equities research analysts anticipate that Reynolds American Inc. will post $2.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.90%. This is a boost from Reynolds American’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, September 8th. Reynolds American’s payout ratio is presently 49.73%.
Several equities research analysts have recently issued reports on RAI shares. Credit Agricole SA upgraded Reynolds American from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $52.00 to $54.00 in a report on Monday, August 8th. They noted that the move was a valuation call. Goldman Sachs Group Inc. restated a “buy” rating and set a $57.00 price objective (up previously from $55.00) on shares of Reynolds American in a report on Friday, July 15th. Citigroup Inc. started coverage on Reynolds American in a report on Monday, September 12th. They set a “buy” rating and a $57.00 price objective on the stock. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.12 price objective on the stock in a report on Thursday, September 8th. Finally, Cowen and Company restated an “outperform” rating and set a $57.00 price objective on shares of Reynolds American in a report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.86.
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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