Gw Henssler Associates Ltd Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Gw Henssler Associates Ltd reduced its stake in Reynolds American by 2.58% during the most recent quarter end. The investment management company now holds a total of 127,949 shares of Reynolds American which is valued at $6,119,801 after selling 3,387 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Reynolds American makes up approximately 0.71% of Gw Henssler Associates Ltd’s portfolio.

Reynolds American opened for trading at $48.54 and hit $49.63 on the upside on Wednesday, eventually ending the session at $48.96, with a gain of 1.35% or 0.65 points. The heightened volatility saw the trading volume jump to 48,12,739 shares. Company has a market cap of $69,883 M.

Other Hedge Funds, Including , Jolley Asset Management boosted its stake in RAI in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 520 shares of Reynolds American which is valued at $24,872. Reynolds American makes up approx 0.02% of Jolley Asset Management’s portfolio.Gateway Investment Advisers reduced its stake in RAI by selling 70,787 shares or 9.89% in the most recent quarter. The Hedge Fund company now holds 644,896 shares of RAI which is valued at $30,845,376. Reynolds American makes up approx 0.26% of Gateway Investment Advisers’s portfolio.

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. 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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