Reynolds American, Inc. (NYSE:RAI) Stake Maintained by Highland Capital Management LLC

Highland Capital Management LLC held its position in shares of Reynolds American, Inc. (NYSE:RAI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,496 shares of the company’s stock at the end of the second quarter. Highland Capital Management LLC’s holdings in Reynolds American were worth $2,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Reynolds American by 3,610.0% in the first quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock valued at $2,911,755,000 after buying an additional 44,958,351 shares during the last quarter. State Street Corp raised its position in shares of Reynolds American by 3.3% in the first quarter. State Street Corp now owns 33,143,266 shares of the company’s stock worth $2,089,076,000 after buying an additional 1,061,990 shares in the last quarter. Bank of New York Mellon Corp raised 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 worth $1,371,026,000 after buying an additional 3,799,305 shares in the last quarter. American International Group Inc. raised its position in shares of Reynolds American by 1.2% in the first quarter. American International Group Inc. now owns 9,262,283 shares of the company’s stock worth $583,709,000 after buying an additional 112,610 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Reynolds American by 8.2% in the first quarter. Geode Capital Management LLC now owns 7,553,177 shares of the company’s stock valued at $475,273,000 after buying an additional 571,672 shares during the last quarter. 46.34% of the stock is currently owned by institutional investors.

Reynolds American, Inc. (RAI) traded down 2.23% on Friday, reaching $65.40. The company’s stock had a trading volume of 159,452,032 shares. The stock’s 50 day moving average price is $65.25 and its 200 day moving average price is $64.00. Reynolds American, Inc. has a 12 month low of $43.38 and a 12 month high of $67.81.

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Several brokerages recently weighed in on RAI. Piper Jaffray Companies began coverage on Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price for the company. Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 price objective on shares of Reynolds American in a research report on Wednesday, April 26th. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research report on Monday, June 12th. Finally, Cowen and Company restated a “hold” rating and set a $65.00 target price on shares of Reynolds American in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus 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.

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

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