Reynolds American Inc (RAI) Stake Maintained by Sanctuary Wealth Advisors LLC

Sanctuary Wealth Advisors LLC maintained its stake in shares of Reynolds American Inc (NYSE:RAI) during the first quarter, Holdings Channel reports. The fund owned 2,000 shares of the company’s stock at the end of the first quarter. Sanctuary Wealth Advisors LLC’s holdings in Reynolds American were worth $126,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bruderman Asset Management LLC boosted its stake in shares of Reynolds American by 0.4% in the first quarter. Bruderman Asset Management LLC now owns 4,127 shares of the company’s stock worth $260,000 after buying an additional 18 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock worth $268,000 after buying an additional 25 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Reynolds American by 0.6% in the first quarter. Bahl & Gaynor Inc. now owns 5,199 shares of the company’s stock worth $328,000 after buying an additional 33 shares during the period. Philadelphia Trust Co. boosted its stake in shares of Reynolds American by 0.9% in the fourth quarter. Philadelphia Trust Co. now owns 5,408 shares of the company’s stock worth $303,000 after buying an additional 50 shares during the period. Finally, Baystate Wealth Management LLC boosted its stake in shares of Reynolds American by 1.7% in the first quarter. Baystate Wealth Management LLC now owns 3,075 shares of the company’s stock worth $197,000 after buying an additional 50 shares during the period. 46.37% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

Shares of Reynolds American Inc (NYSE:RAI) opened at 65.86 on Thursday. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81. The company has a market capitalization of $93.96 billion, a price-to-earnings ratio of 28.57 and a beta of 0.44. The company’s 50-day moving average price is $66.04 and its 200-day moving average price is $61.56.

Reynolds American (NYSE:RAI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.01. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Reynolds American’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Reynolds American Inc will post $2.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.04 dividend on an annualized basis and a yield of 3.09%. Reynolds American’s dividend payout ratio is currently 88.31%.

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RAI has been the topic of several analyst reports. Wells Fargo & Company cut Reynolds American from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 23rd. Vetr cut Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 target price on the stock. in a research report on Wednesday, April 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 target price on shares of Reynolds American in a research report on Wednesday, April 26th. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Finally, Piper Jaffray Companies initiated coverage on Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Reynolds American presently has a consensus rating of “Hold” and an average target price of $59.40.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

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