Bahl & Gaynor Inc. reduced its position in Reynolds American, Inc. (NYSE:RAI) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,166 shares of the company’s stock after selling 33 shares during the period. Bahl & Gaynor Inc.’s holdings in Reynolds American were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RAI. Waldron LP raised its holdings in Reynolds American by 1.4% in the 1st quarter. Waldron LP now owns 21,417 shares of the company’s stock worth $1,349,000 after acquiring an additional 294 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Reynolds American by 6.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,557,177 shares of the company’s stock worth $161,153,000 after acquiring an additional 166,166 shares during the last quarter. British Columbia Investment Management Corp raised its holdings in Reynolds American by 8.6% in the 1st quarter. British Columbia Investment Management Corp now owns 410,114 shares of the company’s stock worth $25,845,000 after acquiring an additional 32,464 shares during the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new position in Reynolds American in the 1st quarter worth approximately $8,535,000. Finally, Gamco Investors INC. ET AL purchased a new position in Reynolds American in the 1st quarter worth approximately $1,452,000. Institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Tuesday. The stock 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.

A number of brokerages recently weighed in on RAI. Piper Jaffray Companies began coverage on shares of Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the stock a “hold” rating in a report on Friday, August 25th. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research note on Monday, June 12th. Finally, Cowen and Company reiterated a “hold” rating and set a $65.00 target price on shares of Reynolds American in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Reynolds American currently has an average rating of “Hold” and a consensus price target of $59.82.

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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.

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

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