Woodford Investment Management Llp Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Woodford Investment Management Llp reduced its stake in Reynolds American by 8.92% during the most recent quarter end. The investment management company now holds a total of 15,196,113 shares of Reynolds American which is valued at $740,658,548 after selling 1,488,477 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Reynolds American makes up approximately 31.95% of Woodford Investment Management Llp’s portfolio.

Reynolds American closed down -1.43 points or -2.92% at $47.58 with 50,23,275 shares getting traded on Wednesday. Post opening the session at $48.77, the shares hit an intraday low of $47.54 and an intraday high of $48.985 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in RAI in the latest quarter, The investment management firm added 2,699 additional shares and now holds a total of 78,880 shares of Reynolds American which is valued at $3,844,611. Reynolds American makes up approx 0.33% of Highland Capital Management’s portfolio. 1st Global Advisors added RAI to its portfolio by purchasing 16,552 company shares during the most recent quarter which is valued at $806,744. Reynolds American makes up approx 0.11% of 1st Global Advisors’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.Creative Planning boosted its stake in RAI in the latest quarter, The investment management firm added 8,147 additional shares and now holds a total of 145,714 shares of Reynolds American which is valued at $7,373,128. Reynolds American makes up approx 0.06% of Creative Planning’s portfolio.Lvm Capital Management Ltdmi reduced its stake in RAI by selling 1,728 shares or 15.53% in the most recent quarter. The Hedge Fund company now holds 9,396 shares of RAI which is valued at $475,438. Reynolds American makes up approx 0.15% of Lvm Capital Management Ltdmi’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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