Reynolds American (RAI) : Keystone Financial Planning added new position in Reynolds American during the most recent quarter end. The investment management firm now holds 65,450 shares of Reynolds American which is valued at $3,036,226 , the company said in a statement filed on Oct 12, 2016 with the SEC.Reynolds American makes up approximately 2.03% of Keystone Financial Planning’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in RAI by selling 1,942 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 162,089 shares of RAI which is valued at $7,519,309. Reynolds American makes up approx 0.05% of Creative Planning’s portfolio. Contravisory Investment Management sold out all of its stake in RAI during the most recent quarter. The investment firm sold 42 shares of RAI which is valued $1,960.Dynamic Advisors Solutions boosted its stake in RAI in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 7,076 shares of Reynolds American which is valued at $330,237. Reynolds American makes up approx 0.13% of Dynamic Advisors Solutions’s portfolio.Catawba Capital Management Va reduced its stake in RAI by selling 228 shares or 4.58% in the most recent quarter. The Hedge Fund company now holds 4,754 shares of RAI which is valued at $221,727. Reynolds American makes up approx 0.05% of Catawba Capital Management Va’s portfolio.Telemus Capital reduced its stake in RAI by selling 38 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 25,000 shares of RAI which is valued at $1,157,500. Reynolds American makes up approx 0.13% of Telemus Capital’s portfolio.
Reynolds American closed down -0.28 points or -0.60% at $46.39 with 43,57,631 shares getting traded on Tuesday. Post opening the session at $46.73, the shares hit an intraday low of $46.27 and an intraday high of $46.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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. Jefferies Initiated Reynolds American on Sep 21, 2016 to “Buy”, Price Target of the shares are set at $61.Citigroup Initiated Reynolds American on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $57.Reynolds American was Downgraded by Goldman to ” Neutral” on Sep 12, 2016.
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 Companys 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.