Sentry Investment Management LLC increased its holdings in Reynolds American, Inc. (NYSE:RAI) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,488 shares of the company’s stock after purchasing an additional 662 shares during the period. Sentry Investment Management LLC’s holdings in Reynolds American were worth $4,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in Reynolds American by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock worth $3,337,000 after purchasing an additional 500 shares during the last quarter. BlackRock Inc. increased its position in Reynolds American by 10.1% in the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock worth $3,308,096,000 after purchasing an additional 4,658,748 shares during the last quarter. Motco increased its position in Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after purchasing an additional 1,660 shares during the last quarter. Pentwater Capital Management LP bought a new stake in Reynolds American in the first quarter worth $321,455,000. Finally, Aberdeen Asset Management PLC UK increased its position in Reynolds American by 3.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 302,299 shares of the company’s stock worth $19,661,000 after purchasing an additional 10,404 shares during the last quarter. Institutional investors own 46.34% of the company’s stock.

Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Cowen and Company restated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. One investment analyst has 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 company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.82.

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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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