Reynolds American (RAI) : Wright Investors Service Inc scooped up 903 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 28,213 shares of Reynolds American which is valued at $1,392,312.Reynolds American makes up approximately 0.56% of Wright Investors Service Inc’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in RAI by selling 7,515 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 378,154 shares of RAI which is valued at $18,661,900. Reynolds American makes up approx 0.07% of Aberdeen Asset Management Plcuk’s portfolio.Sigma Planning Corp reduced its stake in RAI by selling 213 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 16,151 shares of RAI which is valued at $844,536. Reynolds American makes up approx 0.11% of Sigma Planning Corp’s portfolio. Mizuho Securities Usa added RAI to its portfolio by purchasing 233,000 company shares during the most recent quarter which is valued at $12,183,570. Reynolds American makes up approx 2.22% of Mizuho Securities Usa’s portfolio.Balasa Dinverno Foltz reduced its stake in RAI by selling 2,173 shares or 16.31% in the most recent quarter. The Hedge Fund company now holds 11,147 shares of RAI which is valued at $586,555. Reynolds American makes up approx 0.10% of Balasa Dinverno Foltz’s portfolio. Bkd Wealth Advisors sold out all of its stake in RAI during the most recent quarter. The investment firm sold 5,850 shares of RAI which is valued $306,482.
Reynolds American closed down -0.43 points or -0.87% at $48.92 with 50,49,610 shares getting traded on Thursday. Post opening the session at $49.38, the shares hit an intraday low of $48.82 and an intraday high of $49.58 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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 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.