Thomaspartners Inc. decreased its stake in shares of Reynolds American Inc (NYSE:RAI) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,784 shares of the company’s stock after selling 11,226 shares during the period. Thomaspartners Inc.’s holdings in Reynolds American were worth $16,624,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Capital World Investors boosted its position in Reynolds American by 5.1% in the third quarter. Capital World Investors now owns 45,689,868 shares of the company’s stock valued at $2,154,277,000 after buying an additional 2,200,500 shares during the last quarter. State Street Corp boosted its position in shares of Reynolds American by 1.2% in the fourth quarter. State Street Corp now owns 32,081,276 shares of the company’s stock valued at $1,797,895,000 after buying an additional 374,188 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Reynolds American by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock valued at $1,371,026,000 after buying an additional 3,799,305 shares in the last quarter. Eaton Vance Management boosted its position in shares of Reynolds American by 8.3% in the third quarter. Eaton Vance Management now owns 6,009,771 shares of the company’s stock valued at $283,361,000 after buying an additional 459,916 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Reynolds American by 50.0% in the first quarter. Wells Fargo & Company MN now owns 5,349,417 shares of the company’s stock valued at $337,121,000 after buying an additional 1,782,361 shares in the last quarter. 46.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Reynolds American Inc (NYSE:RAI) traded up 1.23% during mid-day trading on Friday, hitting $66.50. The stock had a trading volume of 4,797,046 shares. Reynolds American Inc has a 52 week low of $43.38 and a 52 week high of $67.81. The stock has a market capitalization of $94.88 billion, a P/E ratio of 28.85 and a beta of 0.44. The stock has a 50 day moving average of $65.93 and a 200-day moving average of $61.29.
Reynolds American (NYSE:RAI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. On average, equities research analysts predict that Reynolds American Inc will post $2.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.07%. Reynolds American’s dividend payout ratio (DPR) is currently 88.31%.
Several research analysts recently weighed in on RAI shares. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Vetr downgraded Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 price objective for the company. in a research note on Wednesday, April 5th. Wells Fargo & Company downgraded Reynolds American from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price target on shares of Reynolds American in a research note on Wednesday, April 26th. Finally, Piper Jaffray Companies assumed coverage on Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $59.40.
About Reynolds American
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.
Receive News & Ratings for Reynolds American Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds American Inc and related companies with MarketBeat.com's FREE daily email newsletter.