Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Decreases Position in Reynolds American Inc (NYSE:RAI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of Reynolds American Inc (NYSE:RAI) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,680 shares of the company’s stock after selling 11,962 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Reynolds American were worth $8,760,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RAI. Gulf International Bank UK Ltd boosted its position in shares of Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock valued at $1,109,000 after buying an additional 3,500 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Reynolds American by 7.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the company’s stock valued at $182,000 after buying an additional 195 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Reynolds American by 109.0% in the first quarter. Spirit of America Management Corp NY now owns 8,052 shares of the company’s stock valued at $507,000 after buying an additional 4,200 shares during the period. TNB Financial purchased a new position in shares of Reynolds American during the first quarter valued at approximately $231,000. Finally, Atria Investments LLC boosted its position in shares of Reynolds American by 39.0% in the first quarter. Atria Investments LLC now owns 5,345 shares of the company’s stock valued at $337,000 after buying an additional 1,500 shares during the period. 46.34% of the stock is owned by institutional investors.

Reynolds American Inc (NYSE RAI) opened at 65.40 on Friday. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81. The firm’s 50 day moving average price is $65.27 and its 200-day moving average price is $63.80.

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Several research analysts recently commented on the company. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the stock a “hold” rating in a research report on Monday, July 17th. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a research report on Tuesday, July 11th. Piper Jaffray Companies assumed coverage on Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 target price for the company. Finally, Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research report on Monday, June 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $59.82.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

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Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

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