Sg Americas Securities Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Sg Americas Securities reduced its stake in Reynolds American by 9.28% during the most recent quarter end. The investment management company now holds a total of 1,154,321 shares of Reynolds American which is valued at $58.8 Million after selling 118,143 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on May 12, 2016.Reynolds American makes up approximately 0.47% of Sg Americas Securities’s portfolio.

Other Hedge Funds, Including , Counsel Portfolio Services boosted its stake in RAI in the latest quarter, The investment management firm added 10,325 additional shares and now holds a total of 45,259 shares of Reynolds American which is valued at $2.3 Million. Reynolds American makes up approx 0.23% of Counsel Portfolio Services’s portfolio.Ls Investment Advisors boosted its stake in RAI in the latest quarter, The investment management firm added 2,050 additional shares and now holds a total of 6,101 shares of Reynolds American which is valued at $310,541. Reynolds American makes up approx 0.02% of Ls Investment Advisors’s portfolio. Ballentine Partners added RAI to its portfolio by purchasing 4,248 company shares during the most recent quarter which is valued at $216,223. Reynolds American makes up approx 0.02% of Ballentine Partners’s portfolio.Spinnaker Trust reduced its stake in RAI by selling 4,265 shares or 6.0% in the most recent quarter. The Hedge Fund company now holds 66,875 shares of RAI which is valued at $3.3 Million. Reynolds American makes up approx 0.47% of Spinnaker Trust’s portfolio.Pitcairn Co reduced its stake in RAI by selling 70 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 7,984 shares of RAI which is valued at $396,006. Reynolds American makes up approx 0.05% of Pitcairn Co’s portfolio.

Reynolds American closed down -0.1 points or -0.20% at $49.61 with 61,92,333 shares getting traded on Friday. Post opening the session at $50.03, the shares hit an intraday low of $49.53 and an intraday high of $50.03 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on May 5, 2016, Reynolds American announced a cash dividend of $0.4200. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

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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