Wedgewood Investors Inc Pa buys $542,032 stake in Reynolds American (RAI)

Reynolds American (RAI) : Wedgewood Investors Inc Pa scooped up 348 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 10,819 shares of Reynolds American which is valued at $542,032.Reynolds American makes up approximately 0.50% of Wedgewood Investors Inc Pa’s portfolio.

Other Hedge Funds, Including , Geneva Advisors boosted its stake in RAI in the latest quarter, The investment management firm added 389,457 additional shares and now holds a total of 397,230 shares of Reynolds American which is valued at $19,901,223. Reynolds American makes up approx 0.38% of Geneva Advisors’s portfolio.Ballentine Partners boosted its stake in RAI in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 4,307 shares of Reynolds American which is valued at $212,550. Reynolds American makes up approx 0.02% of Ballentine Partners’s portfolio.Lmr Partners Llp reduced its stake in RAI by selling 28,967 shares or 69.42% in the most recent quarter. The Hedge Fund company now holds 12,761 shares of RAI which is valued at $638,816. Reynolds American makes up approx 0.10% of Lmr Partners Llp’s portfolio. Arrow Investment Advisors added RAI to its portfolio by purchasing 10,118 company shares during the most recent quarter which is valued at $506,507. Reynolds American makes up approx 0.11% of Arrow Investment Advisors’s portfolio.Fox Run Management L.l.c. reduced its stake in RAI by selling 400 shares or 8.33% in the most recent quarter. The Hedge Fund company now holds 4,400 shares of RAI which is valued at $230,384. Reynolds American makes up approx 0.11% of Fox Run Management L.l.c.’s portfolio.

Reynolds American closed down -0.05 points or -0.10% at $50.55 with 50,17,392 shares getting traded on Monday. Post opening the session at $50.51, the shares hit an intraday low of $50.19 and an intraday high of $50.59 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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