Enterprise Financial Services Corp held its position in shares of Reynolds American Inc. (NYSE:RAI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,931 shares of the company’s stock at the end of the second quarter. Enterprise Financial Services Corp’s holdings in Reynolds American were worth $212,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in RAI. Artemis Investment Management LLP boosted its position in shares of Reynolds American by 132.9% in the second quarter. Artemis Investment Management LLP now owns 2,380,516 shares of the company’s stock worth $128,347,000 after buying an additional 1,358,456 shares during the period. State Street Corp boosted its position in shares of Reynolds American by 3.3% in the first quarter. State Street Corp now owns 31,757,800 shares of the company’s stock worth $1,597,726,000 after buying an additional 1,003,117 shares during the period. Bank of Montreal Can acquired a new position in shares of Reynolds American during the second quarter worth $51,452,000. Retirement Systems of Alabama boosted its position in shares of Reynolds American by 176.6% in the second quarter. Retirement Systems of Alabama now owns 1,158,650 shares of the company’s stock worth $62,486,000 after buying an additional 739,728 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Reynolds American during the first quarter worth $19,004,000. 46.87% of the stock is currently owned by hedge funds and other institutional investors.
Reynolds American Inc. (NYSE:RAI) traded down 2.07% during mid-day trading on Wednesday, reaching $46.29. 13,859,214 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $47.91 and its 200 day moving average price is $49.92. The stock has a market capitalization of $66.07 billion, a PE ratio of 12.49 and a beta of 0.40. Reynolds American Inc. has a 12 month low of $43.38 and a 12 month high of $54.48.
Reynolds American (NYSE:RAI) last announced its earnings results on Wednesday, October 19th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.31 billion. Reynolds American had a return on equity of 15.24% and a net margin of 42.97%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. Equities research analysts predict that Reynolds American Inc. will post $2.32 EPS for the current year.
The business also recently announced 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. 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 3.97%. 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 research analysts have recently commented on RAI shares. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.12 target price on the stock in a research report on Thursday, September 8th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Reynolds American in a research report on Friday, July 15th. Jefferies Group boosted their target price on shares of Reynolds American from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Citigroup Inc. started coverage on shares of Reynolds American in a research report on Monday, September 12th. They set a “buy” rating and a $57.00 target price on the stock. Finally, Morgan Stanley reissued a “hold” rating on shares of Reynolds American in a research report on Thursday, September 1st. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.93.
In other news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this link. 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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