Ownership Change to Note: Institutional Investor’s Anti-Reynolds American Inc (NYSE:RAI) Sentiment In 2016 Q2

November 25, 2016 - By Linda Rogers   ·   0 Comments

Ownership Change to Note: Institutional Investor's Anti Reynolds American Inc (NYSE:RAI) Sentiment In  2016 Q2

Sentiment for Reynolds American Inc (NYSE:RAI)

Reynolds American Inc (NYSE:RAI) institutional sentiment decreased to 0.89 in Q2 2016. Its down -0.26, from 1.15 in 2016Q1. The ratio is negative, as 335 active investment managers increased or opened new stock positions, while 291 cut down and sold their holdings in Reynolds American Inc. The active investment managers in our partner’s database now have: 644.47 million shares, up from 643.79 million shares in 2016Q1. Also, the number of active investment managers holding Reynolds American Inc in their top 10 stock positions decreased from 23 to 17 for a decrease of 6. Sold All: 44 Reduced: 247 Increased: 280 New Position: 55.

Reynolds American Inc. is a holding company. The company has a market cap of $77.55 billion. The Company’s divisions are RJR Tobacco, Santa Fe and American Snuff. It has a 14.2 P/E ratio. The RJR Tobacco segment consists principally of the primary activities of R.

The stock increased 0.48% or $0.26 during the last trading session, hitting $54.61. About 3.16M shares traded hands. Reynolds American, Inc. (NYSE:RAI) has risen 13.63% since April 22, 2016 and is uptrending. It has outperformed by 8.22% the S&P500.

Analysts await Reynolds American, Inc. (NYSE:RAI) to report earnings on February, 9. They expect $0.60 EPS, up 25.00% or $0.12 from last year’s $0.48 per share. RAI’s profit will be $852.04M for 22.75 P/E if the $0.60 EPS becomes a reality. After $0.61 actual EPS reported by Reynolds American, Inc. for the previous quarter, Wall Street now forecasts -1.64% negative EPS growth.

According to Zacks Investment Research, “Reynolds American Inc. is the parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J. Reynolds Tobacco Company, the second- largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the United States, including five of the nation’s 10 best-selling brands: Camel, Winston, KOOL, Salem and Doral. Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes.”

Wintergreen Advisers Llc holds 37.57% of its portfolio in Reynolds American, Inc. for 1.87 million shares. Troy Asset Management Ltd owns 3.81 million shares or 10.95% of their US portfolio. Moreover, Cam Group Holding A S has 4.95% invested in the company for 4.80 million shares. The United Kingdom-based Waverton Investment Management Ltd has invested 4.61% in the stock. Edgestream Partners L.P., a New Jersey-based fund reported 58,105 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 selling transactions for $32.31 million net activity.

Reynolds American, Inc. (NYSE:RAI) Ratings Coverage

Ratings analysis reveals 62% of Reynolds American Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Reynolds American Inc., 8 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $44 while the high is $92. The stock’s average target of $52.60 is -3.68% below today’s ($54.61) share price. RAI was included in 24 notes of analysts from July 29, 2015. The stock has “Strong Buy” rating given by S&P Research on Wednesday, July 29. On Thursday, August 25 the stock rating was initiated by UBS with “Neutral”. CLSA downgraded Reynolds American, Inc. (NYSE:RAI) on Wednesday, October 21 to “Underperform” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $45 target price in Wednesday, October 28 report. Jefferies initiated the shares of RAI in a report on Wednesday, September 21 with “Buy” rating. The stock of Reynolds American, Inc. (NYSE:RAI) has “Overweight” rating given on Wednesday, September 30 by Barclays Capital. The company was downgraded on Monday, October 24 by CLSA. The rating was downgraded by Goldman Sachs on Monday, September 12 to “Neutral”. Goldman Sachs downgraded the stock to “Buy” rating in Wednesday, March 16 report. The rating was initiated by Berenberg with “Hold” on Tuesday, June 14.

RAI Company Profile

Reynolds American Inc. (RAI), incorporated on January 2, 2004, is a holding company. The Company’s divisions are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary activities of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic activities of Santa Fe Natural Tobacco Company, Inc. (SFNTC). The American Snuff segment consists of the primary activities of American Snuff Company, LLC (American Snuff Co.). The Company’s operating subsidiaries include R. J. Reynolds Tobacco Company, SFNTC, American Snuff Co., R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.

More important recent Reynolds American, Inc. (NYSE:RAI) news were published by: Reuters.com which released: “Reynolds American rejects BAT’s $47 billion takeover offer: source” on November 14, 2016, also Journalnow.com published article titled: “Reynolds American Inc. picks advisers to review offer”, Fool.com published: “Why Reynolds American, Inc. Stock Jumped 17% in October” on November 06, 2016. More interesting news about Reynolds American, Inc. (NYSE:RAI) was released by: Forbes.com and their article: “Reynolds American Reaches Analyst Target Price” with publication date: November 09, 2016.

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By Linda Rogers

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