Blair William & Co. IL raised its stake in shares of Reynolds American Inc (NYSE:RAI) by 9.8% during the first quarter, Holdings Channel reports. The institutional investor owned 23,605 shares of the company’s stock after buying an additional 2,103 shares during the period. Blair William & Co. IL’s holdings in Reynolds American were worth $1,480,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RAI. Sowell Financial Services LLC acquired a new stake in Reynolds American during the fourth quarter valued at approximately $128,000. Parallel Advisors LLC acquired a new stake in Reynolds American during the fourth quarter valued at approximately $142,000. Quadrant Capital Group LLC boosted its stake in 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 in the last quarter. Baystate Wealth Management LLC boosted its stake in Reynolds American by 1.7% in the first quarter. Baystate Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $197,000 after buying an additional 50 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in Reynolds American during the first quarter valued at approximately $202,000. 46.29% of the stock is owned by institutional investors and hedge funds.

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

Reynolds American Inc (NYSE:RAI) opened at 66.50 on Friday. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $67.81. The firm’s 50-day moving average price is $65.93 and its 200 day moving average price is $61.29. The stock has a market cap of $94.88 billion, a P/E ratio of 28.85 and a beta of 0.44.

Reynolds American (NYSE:RAI) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the company posted $0.50 EPS. Reynolds American’s revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Reynolds American Inc will post $2.54 earnings per share for the current year.

The business also recently disclosed 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 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 presently 88.31%.

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Several equities analysts recently issued reports on RAI shares. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price objective on shares of Reynolds American in a report on Wednesday, April 26th. Vetr raised Reynolds American from a “sell” rating to a “hold” rating and set a $61.64 price objective for the company in a report on Tuesday, April 11th. Wells Fargo & Company cut Reynolds American from an “outperform” rating to a “market perform” rating in a report on Thursday, February 23rd. Finally, Piper Jaffray Companies started coverage on Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus 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.

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