Insider Selling: & Williamson Holdings I. Brown Sells 395,141 Shares of Reynolds American Stock (RAI)
Reynolds American (NYSE:RAI) major shareholder & Williamson Holdings I. Brown sold 395,141 shares of Reynolds American stock on the open market in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $57.17, for a total transaction of $22,590,210.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 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 price target of $56.92.
Reynolds American (NYSE:RAI) traded up 4.38% on Wednesday, hitting $59.77. 4,708,880 shares of the company’s stock traded hands. Reynolds American has a 52 week low of $46.05 and a 52 week high of $58.22. The stock’s 50-day moving average is $55.31 and its 200-day moving average is $51.6. The company has a market cap of $32.038 billion and a P/E ratio of 19.78.
Reynolds American (NYSE:RAI) last announced its 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 4.48%. The ex-dividend date is Friday, June 6th.
Reynolds American Inc (NYSE:RAI) is a holding company.
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