TD Asset Management Inc. reduced its stake in Reynolds American Inc (NYSE:RAI) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 646,814 shares of the company’s stock after selling 18,101 shares during the period. TD Asset Management Inc.’s holdings in Reynolds American were worth $42,068,000 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 the company. Bruderman Asset Management LLC boosted its position in shares of Reynolds American by 0.4% in the first quarter. Bruderman Asset Management LLC now owns 4,127 shares of the company’s stock valued at $260,000 after buying an additional 18 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Reynolds American by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock valued at $201,000 after buying an additional 22 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock valued at $268,000 after buying an additional 25 shares during the last quarter. Altavista Wealth Management Inc. boosted its position in shares of Reynolds American by 0.6% in the first quarter. Altavista Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $264,000 after buying an additional 27 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Reynolds American by 0.6% in the first quarter. Bahl & Gaynor Inc. now owns 5,199 shares of the company’s stock valued at $328,000 after buying an additional 33 shares during the last quarter. 46.34% of the stock is currently owned by institutional investors and hedge funds.

Reynolds American Inc (NYSE RAI) opened at 65.40 on Thursday. Reynolds American Inc has a 1-year low of $43.38 and a 1-year high of $67.81. The stock has a 50 day moving average price of $65.29 and a 200 day moving average price of $63.79.

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Several brokerages have issued reports on RAI. Piper Jaffray Companies began coverage on Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 target price on the stock. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $60.00 target price on shares of Reynolds American in a research report on Wednesday, April 26th. Vetr raised 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. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus 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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