Texas Yale Capital Corp. Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Texas Yale Capital Corp. reduced its stake in Reynolds American by 0.09% during the most recent quarter end. The investment management company now holds a total of 152,054 shares of Reynolds American which is valued at $7,693,932 after selling 140 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Reynolds American makes up approximately 0.73% of Texas Yale Capital Corp.’s portfolio.

Other Hedge Funds, Including , Us Financial Advisors sold out all of its stake in RAI during the most recent quarter. The investment firm sold 452 shares of RAI which is valued $22,871.Intrust Bank Na boosted its stake in RAI in the latest quarter, The investment management firm added 7,594 additional shares and now holds a total of 35,172 shares of Reynolds American which is valued at $1,735,738. Reynolds American makes up approx 0.68% of Intrust Bank Na’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in RAI by selling 189,068 shares or 20.23% in the most recent quarter. The Hedge Fund company now holds 745,398 shares of RAI which is valued at $39,051,401. Reynolds American makes up approx 0.36% of Nn Investment Partners Holdings N.v.’s portfolio.

Reynolds American opened for trading at $50 and hit $50.049 on the upside on Monday, eventually ending the session at $50.02, with a gain of 0.30% or 0.15 points. The heightened volatility saw the trading volume jump to 29,84,158 shares. Company has a market cap of $71,396 M.

On the company’s financial health, Reynolds American reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $3195.00 million for the quarter, compared to analysts expectations of $3259.13 million. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Reynolds American. UBS Initiated Reynolds American on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $52.Reynolds American was Upgraded by CLSA to ” Outperform” on Aug 8, 2016. Berenberg Initiated Reynolds American on Jun 14, 2016 to “Hold”, Price Target of the shares are set at $54.

Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Company’s wholly owned subsidiaries include R. J. Reynolds Tobacco Company American Snuff Company LLC (American Snuff Co.) Lorillard Inc. Santa Fe Natural Tobacco Company Inc. (SFNTC) R. J. Reynolds Vapor Company (RJR Vapor) Niconovum USA Inc. and Niconovum AB.

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