Arbor Investment Advisors buys $4,852,067 stake in Reynolds American (RAI)

Reynolds American (RAI) : Arbor Investment Advisors scooped up 9,961 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 101,444 shares of Reynolds American which is valued at $4,852,067.Reynolds American makes up approximately 2.85% of Arbor Investment Advisors’s portfolio.

Reynolds American opened for trading at $47.39 and hit $47.85 on the upside on Friday, eventually ending the session at $47.83, with a gain of 0.53% or 0.25 points. The heightened volatility saw the trading volume jump to 66,81,651 shares. Company has a market cap of $68,270 M.

Other Hedge Funds, Including , Sigma Planning Corp boosted its stake in RAI in the latest quarter, The investment management firm added 2,920 additional shares and now holds a total of 16,364 shares of Reynolds American which is valued at $782,690. Reynolds American makes up approx 0.11% of Sigma Planning Corp’s portfolio.Oakbrook Investments reduced its stake in RAI by selling 1,000 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 45,366 shares of RAI which is valued at $2,211,139. Reynolds American makes up approx 0.14% of Oakbrook Investments’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in RAI by selling 31,364 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 181,270 shares of RAI which is valued at $8,835,100. Reynolds American makes up approx 2.22% of Daiwa Sb Investments Ltd.’s portfolio.Trust Co Of Virginia Va reduced its stake in RAI by selling 290 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 4,319 shares of RAI which is valued at $218,541. Reynolds American makes up approx 0.04% of Trust Co Of Virginia Va’s portfolio.

On the company’s financial health, Reynolds American reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.50. The company had revenue of $3054.00 million for the quarter, compared to analysts expectations of $3043.47 million. The company’s revenue was up 43.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.

Many Wall Street Analysts have commented on Reynolds American. Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $53 .

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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