Asset Planning Services Inc. LA ADV acquired a new position in Reynolds American Inc (NYSE:RAI) during the fourth quarter, Holdings Channel reports. The firm acquired 76,085 shares of the company’s stock, valued at approximately $4,264,000. Reynolds American comprises approximately 4.0% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 5th largest position.
Several other hedge funds have also added to or reduced their stakes in RAI. Bruderman Asset Management LLC raised its stake in Reynolds American by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 4,419 shares of the company’s stock worth $208,000 after buying an additional 15 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in Reynolds American by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,198 shares of the company’s stock valued at $172,000 after buying an additional 25 shares in the last quarter. Strategic Financial Group LLC raised its stake in Reynolds American by 0.6% in the third quarter. Strategic Financial Group LLC now owns 8,353 shares of the company’s stock valued at $394,000 after buying an additional 51 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in Reynolds American by 0.8% in the third quarter. Bbva Compass Bancshares Inc. now owns 6,768 shares of the company’s stock valued at $319,000 after buying an additional 56 shares in the last quarter. Finally, Boston Private Wealth LLC raised its stake in Reynolds American by 0.8% in the third quarter. Boston Private Wealth LLC now owns 10,234 shares of the company’s stock valued at $483,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 46.62% of the company’s stock.
Reynolds American Inc (NYSE:RAI) traded up 0.05% during trading on Friday, hitting $60.57. 4,928,666 shares of the stock traded hands. The company’s 50 day moving average price is $58.06 and its 200-day moving average price is $52.84. The stock has a market cap of $86.37 billion, a P/E ratio of 14.25 and a beta of 0.42. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $60.91.
Reynolds American (NYSE:RAI) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Reynolds American had a net margin of 48.57% and a return on equity of 15.40%. The firm earned $3.19 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. Reynolds American’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that Reynolds American Inc will post $2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Wednesday, February 22nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.44%. Reynolds American’s dividend payout ratio is currently 43.29%.
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Several research firms recently commented on RAI. Cowen and Company lowered shares of Reynolds American from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research report on Friday. Citigroup Inc. lowered shares of Reynolds American from a “buy” rating to a “neutral” rating and raised their price target for the company from $57.00 to $60.00 in a research report on Wednesday, January 18th. Zacks Investment Research lowered shares of Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th. RBC Capital Markets set a $54.00 price target on shares of Reynolds American and gave the company a “buy” rating in a research report on Monday, January 2nd. Finally, Vetr lowered shares of Reynolds American from a “buy” rating to a “hold” rating and set a $56.50 price target on the stock. in a research report on Thursday, December 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $56.41.
About Reynolds American
Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).
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