Reynolds American (RAI) : Huntington Asset Advisors scooped up 79,468 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 80,750 shares of Reynolds American which is valued at $4.1 Million.Reynolds American makes up approximately 2.70% of Huntington Asset Advisors’s portfolio.
Other Hedge Funds, Including , Obermeyer Wood Investment Counsel Lllp reduced its stake in RAI by selling 366 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 32,997 shares of RAI which is valued at $1.7 Million. Reynolds American makes up approx 0.14% of Obermeyer Wood Investment Counsel Lllp’s portfolio.Tiaa Cref Investment Management reduced its stake in RAI by selling 144,713 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 3,950,914 shares of RAI which is valued at $197 Million. Reynolds American makes up approx 0.15% of Tiaa Cref Investment Management’s portfolio.Cadence Capital Management reduced its stake in RAI by selling 10,266 shares or 9.75% in the most recent quarter. The Hedge Fund company now holds 94,980 shares of RAI which is valued at $4.7 Million. Reynolds American makes up approx 0.33% of Cadence Capital Management’s portfolio.
Reynolds American opened for trading at $50.82 and hit $51.29 on the upside on Monday, eventually ending the session at $51.2, with a gain of 0.59% or 0.3 points. The heightened volatility saw the trading volume jump to 23,29,668 shares. Company has a market cap of $73,080 M.
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 Companys 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.