Insider Selling: & Williamson Holdings Brown Sells 179,127 Shares of Reynolds American Stock (RAI)
Reynolds American (NYSE:RAI) major shareholder & Williamson Holdings Brown sold 179,127 shares of Reynolds American stock on the open market in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $49.83, for a total transaction of $8,925,898.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
A number of research firms have recently commented on RAI. Analysts at Zacks reiterated a “neutral” rating on shares of Reynolds American (NYSE:RAI) in a research note to investors on Friday, September 13th. They now have a $50.00 price target on the stock. Separately, analysts at Credit Agricole raised their price target on shares of Reynolds American (NYSE:RAI) from $43.00 to $48.00 in a research note to investors on Friday, July 26th.
Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $50.17.
Reynolds American (NYSE:RAI) traded down 0.62% on Tuesday, hitting $49.55. The stock had a trading volume of 1,043,598 shares. Reynolds American has a one year low of $39.70 and a one year high of $52.93. The stock’s 50-day moving average is $48.91 and its 200-day moving average is $47.88. The company has a market cap of $26.957 billion and a price-to-earnings ratio of 18.13.
Reynolds American (NYSE:RAI) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.01. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the company posted $0.79 earnings per share. Reynolds American’s revenue was up .1% compared to the same quarter last year. Analysts expect that Reynolds American will post $3.23 EPS for the current fiscal year.
Reynolds American Inc (NYSE:RAI) is a holding company.
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