State Of Alaska Department Of Revenue buys $11,350,758 stake in Reynolds American (RAI)

Reynolds American (RAI) : State Of Alaska Department Of Revenue scooped up 13,401 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 216,783 shares of Reynolds American which is valued at $11,350,758.Reynolds American makes up approximately 1.16% of State Of Alaska Department Of Revenue’s portfolio.

Other Hedge Funds, Including , Tnb Financial sold out all of its stake in RAI during the most recent quarter. The investment firm sold 6,572 shares of RAI which is valued $344,110. James Investment Research Inc added RAI to its portfolio by purchasing 141 company shares during the most recent quarter which is valued at $7,419.Alpha Windward boosted its stake in RAI in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 1,351 shares of Reynolds American which is valued at $71,779. Reynolds American makes up approx 0.05% of Alpha Windward’s portfolio.British Columbia Investment Management Corp boosted its stake in RAI in the latest quarter, The investment management firm added 34,604 additional shares and now holds a total of 479,249 shares of Reynolds American which is valued at $25,462,499. Reynolds American makes up approx 0.22% of British Columbia Investment Management Corp’s portfolio.Chevy Chase Trust Holdings boosted its stake in RAI in the latest quarter, The investment management firm added 8,474 additional shares and now holds a total of 712,044 shares of Reynolds American which is valued at $37,830,898. Reynolds American makes up approx 0.21% of Chevy Chase Trust Holdings’s portfolio.

Reynolds American closed down -0.21 points or -0.40% at $52.36 with 22,70,739 shares getting traded on Wednesday. Post opening the session at $52.78, the shares hit an intraday low of $52.31 and an intraday high of $52.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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 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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