Fukoku Mutual Life Insurance Company decreased its stake in Reynolds American Inc (NYSE:RAI) by 26.22% based on its latest 2016Q1 regulatory filing with the SEC. Fukoku Mutual Life Insurance Company sold 98,600 shares as the companys stock rose 11.31% with the market. The institutional investor held 277,400 shares of the farming and seeds and milling company at the end of 2016Q1, valued at $13.96M, down from 376,000 at the end of the previous reported quarter. Fukoku Mutual Life Insurance Company who had been investing in Reynolds American Inc for a number of months, seems to be less bullish one the $75.63B market cap company. The stock increased 0.46% or $0.24 during the last trading session, hitting $52.25. About 7.36 million shares traded hands or 99.46% up from the average. Reynolds American, Inc. (NYSE:RAI) has risen 12.77% since November 19, 2015 and is uptrending. It has outperformed by 16.65% the S&P500.
Fukoku Mutual Life Insurance Company, which manages about $459.10M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 22,500 shares to 45,000 shares, valued at $9.25M in 2016Q1, according to the filing. It also increased its holding in Ishares Tr (EIDO) by 144,000 shares in the quarter, for a total of 304,000 shares, and has risen its stake in Ishares Tr (ICF).
The institutional sentiment increased to 1.07 in Q1 2016. Its up 0.11, from 0.96 in 2015Q4. The ratio improved, as 48 funds sold all RAI shares owned while 271 reduced positions. 81 funds bought stakes while 260 increased positions. They now own 643.79 million shares or 0.32% less from 645.87 million shares in 2015Q4.
Mason Capital Management Llc holds 3.95% of its portfolio in RAI for 2.50 million shares. Ranger International Management Lp owns 175,595 shares or 3.93% of their US portfolio. Moreover, Athena Capital Advisors Llc has 3.82% invested in the company for 231,488 shares. The North Carolina-based Arbor Investment Advisors Llc has invested 3.07% in the stock. Fukoku Mutual Life Insurance Co, a Japan-based fund reported 277,400 shares.
Out of 8 analysts covering Reynolds American Inc. (NYSE:RAI), 6 rate it a Buy, 1 Sell, while 3 Hold. This means 60% are positive. Reynolds American Inc. has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc.
Reynolds American Inc. is a holding company. The company has a market cap of $75.63 billion. The Companys divisions are RJR Tobacco, Santa Fe and American Snuff. It has a 10.8 P/E ratio. The RJR Tobacco segment consists principally of the primary activities of R.
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