Reynolds American Inc (NYSE:RAI) was the target of a significant increase in short interest in July. As of July 14th, there was short interest totalling 11,384,802 shares, an increase of 28.7% from the June 30th total of 8,844,162 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 6,279,424 shares, the short-interest ratio is currently 1.8 days.

Shares of Reynolds American (RAI) opened at 65.40 on Monday. The firm’s 50-day moving average price is $65.37 and its 200 day moving average price is $63.31. Reynolds American has a 12 month low of $43.38 and a 12 month high of $67.81.

Reynolds American (NYSE:RAI) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the firm earned $0.50 earnings per share. Reynolds American’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Reynolds American will post $2.56 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 12th were given a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $2.04 dividend on an annualized basis and a yield of 3.12%. Reynolds American’s dividend payout ratio (DPR) is presently 88.31%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Enterprise Financial Services Corp raised its position in Reynolds American by 7.9% in the second quarter. Enterprise Financial Services Corp now owns 4,546 shares of the company’s stock worth $296,000 after buying an additional 332 shares in the last quarter. Busey Trust CO raised its position in Reynolds American by 1.0% in the second quarter. Busey Trust CO now owns 3,635 shares of the company’s stock worth $236,000 after buying an additional 35 shares in the last quarter. Bessemer Group Inc. raised its position in Reynolds American by 9.8% in the second quarter. Bessemer Group Inc. now owns 8,558 shares of the company’s stock worth $556,000 after buying an additional 767 shares in the last quarter. Nwam LLC raised its position in Reynolds American by 5.0% in the second quarter. Nwam LLC now owns 3,475 shares of the company’s stock worth $226,000 after buying an additional 165 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Reynolds American by 4.8% in the second quarter. CIBC Asset Management Inc now owns 106,076 shares of the company’s stock worth $6,899,000 after buying an additional 4,901 shares in the last quarter. Institutional investors own 46.34% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Vetr downgraded Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 target price on the stock. in a research report on Wednesday, April 5th. Jefferies Group LLC reissued a “hold” rating and issued a $60.00 target price on shares of Reynolds American in a research report on Wednesday, April 26th. Piper Jaffray Companies assumed coverage on Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, BidaskClub downgraded Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $59.82.

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Reynolds American Company Profile

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.

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