Fulton Bank N.A. Sells 2193 Shares of Reynolds American, Inc. (RAI)

Jane Richards
April 23, 2017

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.

01/20/2017 - Reynolds American Inc had its "neutral" rating reiterated by analysts at UBS. Vetr raised shares of Reynolds American from a "sell" rating to a "hold" rating and set a $60.00 target price on the stock in a report on Monday, February 13th. Berenberg maintained it with "Buy" rating and GBX 325 target in Friday, October 2 report. Wells Fargo & Co cut shares of Reynolds American from an "outperform" rating to a "market perform" rating in a report on Thursday, February 23rd. (RAI) where 1 analyst have rated the stock as Strong Buy, 1 analysts said it's a Buy, 8 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. The stock is presently trading down its SMA-50 of $31.26. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright & trademark law. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US & global copyright and trademark legislation.

Reynolds American Inc (RAI) is a holding company.

The share price of Reynolds American Inc (NYSE:RAI) was up +0.31% during the last trading session, with a day high of 63.95. The company had a trading volume of 2,987,135 shares. Reynolds American Inc has a 52-week low of 43.38 and a 52-week high of 64.25.

Another critical number in evaluating a stock is P/E or the price to earnings ratio. The stock's price moved down its 200-day moving average of $34.04. (RAI) is $59.26/share according to the consensus of analysts working on the stock, with an expected EPS of $0.58/share for the current quarter. The net profit margin for Reynolds American Inc. stands at 48.60%. The business earned $3.19 billion during the quarter, compared to analysts' expectations of $3.16 billion.

Reynolds American (NYSE:RAI) last announced its quarterly earnings results on Thursday, February 9th. The company posted actual EPS for the last quarter of $0.62.

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The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 10th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, March 8th.

The 3.2% yield which is high for a food and beverage stock. Looking at this figure it suggests that the shares of Reynolds American Inc.

In other Reynolds American news, CFO Andrew D. Gilchrist sold 54,030 shares of the business's stock in a transaction on Tuesday, March 7th. 230,000 Nielsen N.V. Ordinary Shares (NYSE:NLSN) shares with value of $10.33M were sold by CALHOUN DAVID L. $1.92M worth of Nielsen N.V. Ordinary Shares (NYSE:NLSN) was sold by Barns Dwight. Following the completion of the sale, the senior vice president now owns 83,457 shares in the company, valued at approximately $5,064,170.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy H. Hawley sold 5,586 shares of Reynolds American stock in a transaction on Monday, March 13th. 22,923 shares were sold by Herko Daniel J., worth $1.39 million. The disclosure for this sale can be found here. The Henderson Group Plc holds 1.93M shares with $107.99 million value, up from 1.51 million last quarter.

A number of other hedge funds have also recently made changes to their positions in the stock.

Reynolds American Inc. (RAI) is the parent company of R.J. Reynolds Tobacco Company; Santa Fe Natural Tobacco Company, Inc.; American Snuff Company, LLC; Niconovum USA, Inc.; Niconovum AB; and R.J. Reynolds Vapor Company. Sowell Financial Services LLC acquired a new position in shares of Reynolds American during the fourth quarter valued at $128,000. Philadelphia Trust Co. now owns 5,408 shares of the company's stock worth $303,000 after buying an additional 50 shares during the period. Independent Advisor Alliance acquired a new position in Reynolds American during the fourth quarter valued at $1,476,000. Finally, Bank Hapoalim BM acquired a new stake in Reynolds American during the third quarter valued at approximately $146,000. Trust Department MB Financial Bank N A now owns 14,475 shares of the company's stock worth $912,000 after buying an additional 77 shares during the period.

DiamondRock Hospitality Company (NYSE:DRH) is another stock that is grabbing investors attention these days. The stock of Reynolds American, Inc.

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