Waverton Investment Management Ltd buys $57,259,780 stake in Reynolds American (RAI)

Reynolds American (RAI) : Waverton Investment Management Ltd scooped up 94,699 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 1,234,313 shares of Reynolds American which is valued at $57,259,780.Reynolds American makes up approximately 3.87% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in RAI by selling 2,909 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 211,382 shares of RAI which is valued at $9,858,856. Reynolds American makes up approx 0.21% of Exxonmobil Investment Management Inc Tx’s portfolio.Independence Advisors boosted its stake in RAI in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 5,314 shares of Reynolds American which is valued at $247,845. Reynolds American makes up approx 0.12% of Independence Advisors’s portfolio.Telemus Capital reduced its stake in RAI by selling 38 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 25,000 shares of RAI which is valued at $1,157,500. Reynolds American makes up approx 0.13% of Telemus Capital’s portfolio.Eqis Capital Management boosted its stake in RAI in the latest quarter, The investment management firm added 3,441 additional shares and now holds a total of 21,090 shares of Reynolds American which is valued at $976,467. Reynolds American makes up approx 0.06% of Eqis Capital Management’s portfolio.

Reynolds American closed down -0.28 points or -0.60% at $46.39 with 43,57,631 shares getting traded on Tuesday. Post opening the session at $46.73, the shares hit an intraday low of $46.27 and an intraday high of $46.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Reynolds American reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $3195.00 million for the quarter, compared to analysts expectations of $3259.13 million. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Reynolds American. Jefferies Initiated Reynolds American on Sep 21, 2016 to “Buy”, Price Target of the shares are set at $61.Citigroup Initiated Reynolds American on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $57.Reynolds American was Downgraded by Goldman to ” Neutral” on Sep 12, 2016.

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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