BB&T Securities LLC raised its position in shares of Reynolds American, Inc. (NYSE:RAI) by 17.2% during the second quarter, Holdings Channel reports. The firm owned 232,609 shares of the company’s stock after buying an additional 34,109 shares during the period. BB&T Securities LLC’s holdings in Reynolds American were worth $15,128,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RAI. Shine Investment Advisory Services Inc. acquired a new stake in shares of Reynolds American during the second quarter worth about $119,000. Parallel Advisors LLC increased its stake in shares of Reynolds American by 21.2% in the first quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after buying an additional 537 shares during the period. Baystate Wealth Management LLC increased 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. Boston Advisors LLC acquired a new stake in shares of Reynolds American during the second quarter worth about $202,000. Finally, Gould Asset Management LLC CA acquired a new stake in shares of Reynolds American during the second quarter worth about $203,000. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Friday. Reynolds American, Inc. has a one year low of $43.38 and a one year high of $67.81. The company’s 50 day moving average price is $65.25 and its 200-day moving average price is $64.00.

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A number of brokerages have recently issued reports on RAI. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a research report on Monday, July 17th. BidaskClub downgraded Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. 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 price target for the company. Cowen and Company reissued a “hold” rating and set a $65.00 price objective on shares of Reynolds American in a report on Tuesday, July 11th. Finally, Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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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