Reynolds American, Inc. (RAI) Shares Bought by Commonwealth Bank of Australia

Commonwealth Bank of Australia raised its stake in Reynolds American, Inc. (NYSE:RAI) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,097 shares of the company’s stock after acquiring an additional 2,955 shares during the quarter. Commonwealth Bank of Australia’s holdings in Reynolds American were worth $3,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Reynolds American by 3,610.0% during the 1st 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 lifted its stake in shares of Reynolds American by 48,701.2% during the 1st quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock valued at $347,526,000 after buying an additional 5,503,235 shares in the last quarter. Pentwater Capital Management LP purchased a new stake in shares of Reynolds American during the 1st quarter valued at approximately $321,455,000. Bank of New York Mellon Corp lifted its stake in shares of Reynolds American by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock valued at $1,371,026,000 after buying an additional 3,799,305 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Reynolds American during the 1st quarter valued at approximately $122,475,000. Hedge funds and other institutional investors own 46.34% of the company’s stock.

RAI has been the topic of a number of recent research reports. BidaskClub cut shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the company a “hold” rating in a research note on Friday, August 25th. Cowen and Company restated a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Piper Jaffray Companies initiated coverage on shares of Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target on the stock. Finally, Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $59.82.

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Shares of Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Monday. Reynolds American, Inc. has a 12-month low of $43.38 and a 12-month high of $67.81. The company’s 50-day moving average is $65.25 and its 200-day moving average is $64.00.

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.

Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

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