In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Reynolds American Inc (NYSE:RAI) reported that British American Tobacco P.l.c. has picked up 601,368,171 of common stock as of 2017-07-19.The acquisition brings the aggregate amount owned by British American Tobacco P.l.c. to a total of 601,368,171 , representing a 42.2% in the company.
For those not familiar with the company, 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. The RJR Tobacco segment manages contract manufacturing of cigarettes and tobacco products through arrangements with British American Tobacco p.l.c. affiliates, and manages the export of tobacco products to certain United States territories, the United States duty-free shops and the United States overseas military bases. The American Snuff segment offers adult tobacco consumers a range of segregated smokeless tobacco products, primarily moist snuff. The Santa Fe segment manufactures and markets super-premium cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand.
A glance at Reynolds American Inc (NYSE:RAI)’s key stats reveals a current market capitalization of 94.86 Billion based on 1.43 Billion shares outstanding and a price at last close of $65.74 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2015-06-12, British picked up 77,680,259 at a purchase price of $60.16. This brings their total holding to 301,014,278 as of the date of the filing.
On the sell side, the most recent transaction saw Cameron unload 105,766 shares at a sale price of $49.88. This brings their total holding to 432,235.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Reynolds American Inc (NYSE:RAI) as things move forward to see if its progress aligns with these transactions.Subscribe below and we’ll keep you on top of what’s happening before it moves markets.