Reynolds American, Inc. (NYSE:RAI) Shares Sold by Founders Capital Management

Founders Capital Management cut its position in Reynolds American, Inc. (NYSE:RAI) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,845 shares of the company’s stock after selling 200 shares during the period. Reynolds American makes up approximately 1.8% of Founders Capital Management’s portfolio, making the stock its 23rd largest position. Founders Capital Management’s holdings in Reynolds American were worth $2,006,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 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 worth $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 worth $197,000 after buying an additional 50 shares in the last quarter. Parallel Advisors LLC boosted its stake in Reynolds American by 21.2% in the first quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after buying an additional 537 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Reynolds American by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock worth $201,000 after buying an additional 22 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Reynolds American during the first quarter worth approximately $202,000. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds American, Inc. (NYSE:RAI) traded down 2.23% on Friday, reaching $65.40. The company’s stock had a trading volume of 159,452,032 shares. The firm’s 50 day moving average price is $65.25 and its 200-day moving average price is $64.00. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81.

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A number of equities research analysts have recently commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $60.00 target price on shares of Reynolds American in a research note on Wednesday, April 26th. BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research report on Monday, June 12th. Piper Jaffray Companies began coverage on Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. Finally, Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Reynolds American presently has a consensus rating of “Hold” and a consensus price target of $59.82.

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.

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

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