FTB Advisors Inc. decreased its position in Reynolds American Inc. (NYSE:RAI) by 64.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,163 shares of the company’s stock after selling 3,952 shares during the period. FTB Advisors Inc.’s holdings in Reynolds American were worth $116,000 at the end of the most recent reporting period.
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 worth about $109,000. Community Bank N.A. increased 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 worth $153,000 after buying an additional 1,692 shares during the period. Benjamin F. Edwards & Company Inc. increased 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 worth $156,000 after buying an additional 1,759 shares during the period. Quadrant Capital Group LLC increased 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 worth $150,000 after buying an additional 203 shares during the period. Finally, First Financial Corp IN increased 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 worth $195,000 after buying an additional 570 shares during the period. Institutional investors own 46.87% of the company’s stock.
Shares of Reynolds American Inc. (NYSE:RAI) traded down 2.03% on Wednesday, hitting $46.31. The company had a trading volume of 13,460,398 shares. The stock has a market capitalization of $66.10 billion, a PE ratio of 12.50 and a beta of 0.40. The firm’s 50 day moving average price is $47.91 and its 200-day moving average price is $49.92. Reynolds American Inc. has a 52 week low of $43.38 and a 52 week high of $54.48.
Reynolds American (NYSE:RAI) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $3.21 billion for the quarter. Reynolds American had a net margin of 42.97% and a return on equity of 15.24%. Reynolds American’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. Analysts forecast that Reynolds American Inc. will post $2.32 earnings per share for the current fiscal year.
The firm also recently declared 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 a positive change from Reynolds American’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.84 dividend on an annualized basis and a yield of 3.89%. Reynolds American’s dividend payout ratio is presently 49.73%.
A number of equities research analysts have weighed in on the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $53.00 target price on shares of Reynolds American in a report on Saturday. Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Jefferies Group assumed coverage on Reynolds American in a report on Wednesday, September 21st. They issued a “buy” rating and a $61.00 target price for the company. Morgan Stanley reiterated a “hold” rating on shares of Reynolds American in a report on Thursday, September 1st. Finally, Cowen and Company reiterated an “outperform” rating and issued a $57.00 target price 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 given a buy rating and two have given a strong buy rating to the company’s stock. Reynolds American 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 company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total transaction of $31,718,291.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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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