Mizuho Securities Usa adds Reynolds American (RAI) to its portfolio

Reynolds American (RAI) : Mizuho Securities Usa added new position in Reynolds American during the most recent quarter end. The investment management firm now holds 233,000 shares of Reynolds American which is valued at $12,183,570 , the company said in a statement filed on Jul 20, 2016 with the SEC.Reynolds American makes up approximately 2.22% of Mizuho Securities Usa’s portfolio.

Other Hedge Funds, Including , Bollard Group boosted its stake in RAI in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 217,224 shares of Reynolds American which is valued at $11,358,643. Reynolds American makes up approx 0.76% of Bollard Group’s portfolio.Capital One National Association reduced its stake in RAI by selling 2,498 shares or 22.24% in the most recent quarter. The Hedge Fund company now holds 8,733 shares of RAI which is valued at $457,260. Reynolds American makes up approx 0.04% of Capital One National Association’s portfolio.Capstone Asset Management Co boosted its stake in RAI in the latest quarter, The investment management firm added 5,065 additional shares and now holds a total of 171,647 shares of Reynolds American which is valued at $8,992,586. Reynolds American makes up approx 0.26% of Capstone Asset Management Co’s portfolio.Firstmerit Bank N A Trustee reduced its stake in RAI by selling 103 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 5,029 shares of RAI which is valued at $263,469. Reynolds American makes up approx 0.02% of Firstmerit Bank N A Trustee’s portfolio.Churchill Management Corp boosted its stake in RAI in the latest quarter, The investment management firm added 22,503 additional shares and now holds a total of 521,647 shares of Reynolds American which is valued at $27,715,105. Reynolds American makes up approx 1.79% of Churchill Management Corp’s portfolio.

Reynolds American closed down -0.21 points or -0.40% at $52.36 with 22,70,739 shares getting traded on Wednesday. Post opening the session at $52.78, the shares hit an intraday low of $52.31 and an intraday high of $52.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Reynolds American reported $0.50 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $2917.00 million for the quarter, compared to analysts expectations of $2936.11 million. The company’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Reynolds American. 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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