Wetherby Asset Management Inc. decreased its stake 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 firm owned 18,583 shares of the company’s stock after selling 211 shares during the period. Wetherby Asset Management Inc.’s holdings in Reynolds American were worth $1,209,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RAI. BlackRock Inc. increased its stake in shares of Reynolds American by 3,610.0% in the first quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock valued at $2,911,755,000 after buying an additional 44,958,351 shares during the last quarter. Renaissance Technologies LLC boosted its position in Reynolds American by 48,701.2% in the first quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock valued at $347,526,000 after buying an additional 5,503,235 shares during the period. Pentwater Capital Management LP purchased a new position in Reynolds American during the first quarter valued at approximately $321,455,000. Bank of New York Mellon Corp boosted its position in Reynolds American by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock valued at $1,371,026,000 after buying an additional 3,799,305 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Reynolds American by 169.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,453,597 shares of the company’s stock valued at $217,646,000 after buying an additional 2,171,084 shares during the period. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Reynolds American Inc (NYSE RAI) opened at 65.40 on Thursday. The stock has a 50 day moving average price of $65.29 and a 200-day moving average price of $63.79. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81.

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Several equities analysts have commented on RAI shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $60.00 price target on shares of Reynolds American in a report on Wednesday, April 26th. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Piper Jaffray Companies started coverage on Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target for the company. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target for the company in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.82.

About Reynolds American

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

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