Wedbush Securities Inc. increased its stake in Reynolds American, Inc. (NYSE:RAI) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,955 shares of the company’s stock after buying an additional 680 shares during the period. Wedbush Securities Inc.’s holdings in Reynolds American were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RAI. BlackRock Inc. raised its stake in 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of Reynolds American by 48,701.2% in the first quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock worth $347,526,000 after buying an additional 5,503,235 shares during the period. Pentwater Capital Management LP purchased a new stake in shares of Reynolds American during the first quarter worth about $321,455,000. Bank of New York Mellon Corp raised its stake in shares of 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 worth $1,371,026,000 after buying an additional 3,799,305 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of 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 worth $217,646,000 after buying an additional 2,171,084 shares during the period. Institutional investors own 46.34% of the company’s stock.

Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Tuesday. The firm’s 50-day moving average is $65.26 and its 200-day moving average is $63.94. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81.

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RAI has been the topic of a number of analyst reports. Jefferies Group LLC restated a “hold” rating and set a $60.00 target price on shares of Reynolds American in a research report on Wednesday, April 26th. Zacks Investment Research lowered shares of Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Piper Jaffray Companies initiated coverage on shares of Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price on the stock. BidaskClub lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price 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 assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.82.

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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