Suntrust Banks Inc. increased its position in shares of Reynolds American, Inc. (NYSE:RAI) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,645 shares of the company’s stock after purchasing an additional 218 shares during the period. Suntrust Banks Inc.’s holdings in Reynolds American were worth $6,155,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Harvest Management LLC raised its holdings in Reynolds American by 9.6% during the second quarter. Harvest Management LLC now owns 217,500 shares of the company’s stock worth $14,146,000 after purchasing an additional 19,000 shares in the last quarter. Wealthfront Inc. raised its holdings in Reynolds American by 3.8% during the second quarter. Wealthfront Inc. now owns 28,217 shares of the company’s stock worth $1,835,000 after purchasing an additional 1,040 shares in the last quarter. K2 Principal Fund L.P. raised its holdings in Reynolds American by 100.7% during the second quarter. K2 Principal Fund L.P. now owns 160,595 shares of the company’s stock worth $10,445,000 after purchasing an additional 80,575 shares in the last quarter. TIAA FSB bought a new stake in Reynolds American during the second quarter worth approximately $1,006,000. Finally, FMR LLC raised its holdings in Reynolds American by 16.0% during the second quarter. FMR LLC now owns 14,053,162 shares of the company’s stock worth $914,017,000 after purchasing an additional 1,938,819 shares in the last quarter. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds American, Inc. (NYSE:RAI) traded down 2.23% on Friday, hitting $65.40. The company’s stock had a trading volume of 159,452,032 shares. The company has a 50 day moving average price of $65.25 and a 200-day moving average price of $64.00. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81.

Several equities research analysts recently commented on the company. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Monday, June 12th. Cowen and Company reissued a “hold” rating and set a $65.00 target price on shares of Reynolds American in a report on Tuesday, July 11th. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Reynolds American has an average rating of “Hold” and an average price target of $59.82.

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Reynolds American 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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