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Reynolds American (NYSE:RAI) major shareholder & Williamson Holdings I. Brown sold 399,239 shares of Reynolds American stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $56.14, for a total transaction of $22,413,277.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on RAI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Reynolds American in a research note on Thursday, April 24th. They now have a $56.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Reynolds American in a research note on Tuesday, April 8th. They set a “buy” rating and a $66.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Reynolds American from $58.00 to $66.00 in a research note on Monday, March 10th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Reynolds American presently has a consensus rating of “Buy” and a consensus target price of $56.92.

Reynolds American (NYSE:RAI) traded down 0.82% on Wednesday, hitting $57.13. The stock had a trading volume of 827,768 shares. Reynolds American has a 52 week low of $46.05 and a 52 week high of $58.22. The stock has a 50-day moving average of $54.74 and a 200-day moving average of $51.46. The company has a market cap of $30.623 billion and a price-to-earnings ratio of 19.90.

Reynolds American (NYSE:RAI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company posted $0.72 earnings per share. Reynolds American’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Reynolds American will post $3.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, June 6th.

Reynolds American Inc (NYSE:RAI) is a holding company.

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