Wintergreen Advisers Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Wintergreen Advisers reduced its stake in Reynolds American by 5.52% during the most recent quarter end. The investment management company now holds a total of 1,872,969 shares of Reynolds American which is valued at $94,772,231 after selling 109,451 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Reynolds American makes up approximately 35.30% of Wintergreen Advisers’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in RAI in the latest quarter, The investment management firm added 1,180 additional shares and now holds a total of 27,330 shares of Reynolds American which is valued at $1,382,898. Reynolds American makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio. Nelson Roberts Investment Advisors added RAI to its portfolio by purchasing 76 company shares during the most recent quarter which is valued at $3,846.Sii Investments Incwi boosted its stake in RAI in the latest quarter, The investment management firm added 7,677 additional shares and now holds a total of 18,899 shares of Reynolds American which is valued at $929,453. Reynolds American makes up approx 0.07% of Sii Investments Incwi’s portfolio.Argent Trust Co reduced its stake in RAI by selling 78 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 12,184 shares of RAI which is valued at $596,041. Reynolds American makes up approx 0.25% of Argent Trust Co’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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