Reynolds American, Inc. (RAI) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of Reynolds American, Inc. (NYSE:RAI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 908,322 shares of the company’s stock after acquiring an additional 10,182 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Reynolds American were worth $59,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Glassman Wealth Services boosted its position in Reynolds American by 0.8% during the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after acquiring an additional 12 shares during the last quarter. Bruderman Asset Management LLC boosted its position in Reynolds American by 0.4% during the first quarter. Bruderman Asset Management LLC now owns 4,127 shares of the company’s stock valued at $260,000 after acquiring an additional 18 shares during the last quarter. Savant Capital LLC boosted its position in Reynolds American by 0.3% during the second quarter. Savant Capital LLC now owns 6,114 shares of the company’s stock valued at $398,000 after acquiring an additional 20 shares during the last quarter. Alps Advisors Inc. boosted its position in Reynolds American by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,908 shares of the company’s stock valued at $514,000 after acquiring an additional 21 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in Reynolds American by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock valued at $201,000 after acquiring an additional 22 shares during the last quarter. 46.34% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the company a “hold” rating in a research report on Friday, August 25th. BidaskClub cut shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Piper Jaffray Companies began coverage on shares of Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. Cowen and Company reissued a “hold” rating and set a $65.00 price objective on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Reynolds American presently has a consensus rating of “Hold” and a consensus target price of $59.82.

Shares of Reynolds American, Inc. (RAI) traded down 2.23% during trading on Friday, reaching $65.40. 159,452,032 shares of the company traded hands. The firm’s 50 day moving average is $65.25 and its 200-day moving average is $64.00. Reynolds American, Inc. has a 12-month low of $43.38 and a 12-month high of $67.81.

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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.

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

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