Of Nevada Inc. Holds Stake in Raytheon Company (NYSE:RTN)

Bruno Cirelli
Agosto 15, 2017

Denver Investment Advisors Llc decreased its stake in Raytheon Company (RTN) by 70.48% based on its latest 2016Q4 regulatory filing with the SEC. Following the completion of the transaction, the vice president now owns 53,285 shares of the company's stock, valued at approximately $8,634,301.40. Northern Oak Wealth Management Inc.'s holdings in Raytheon were worth $362,000 at the end of the most recent quarter. Inc. boosted its position in shares of Raytheon by 3.6% in the first quarter. Kornitzer Mngmt Inc Ks has invested 0.02% in Raytheon Company (NYSE:RTN). Oakworth Capital Inc. now owns 730 shares of the aerospace company's stock worth $111,000 after buying an additional 445 shares during the period. Lockheed Martin Investment Management Co. purchased a new position in Raytheon during the first quarter valued at $1,830,000. Point72 Asia Hong Kong Ltd increased its stake in shares of Raytheon by 5,455.0% in the first quarter. Bank of Hawaii has an ownership of 8,012 stocks of the aerospace firms shares valued $1,294,000 after scooping up an extra 247 shares through out the quarter. Zions Bancorporation increased its stake in shares of Raytheon by 2.9% in the first quarter. Ibex Wealth Advisors now owns 22,866 shares of the aerospace company's stock worth $3,359,000 after buying an additional 140 shares during the period. Moreover, Nwq Mgmt Limited Company has 0.94% invested in Raytheon Company (NYSE:RTN) for 488,285 shares. Intrust Financial Bank Na has 0.34% invested in Raytheon Company (NYSE:RTN). Raytheon Company has a 52 week low of $132.89 and a 52 week high of $181.05. The stock has a 50-day moving average of $168.59 and a 200 day moving average of $158.50. Dearborn Partners Llc who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $37.05 billion market cap company. The aerospace company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion for the quarter, compared to analysts' expectations of $6.24 billion. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. This price movement gives investors an idea of how much the stock price has moved in the past year and whether it is trading near the top, middle or bottom of the range. During the same quarter previous year, the firm posted $2.38 earnings per share. On average, analysts anticipate that Raytheon will post $7.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Investors of record on Wednesday, July 5th were paid a $0.7975 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $3.19 dividend on an annualized basis and a yield of 1.78%. Raytheon's dividend payout ratio is 43.94%. Cowen and Company reaffirmed an "outperform" rating and set a $189.00 price objective (up previously from $182.00) on shares of Raytheon in a research report on Thursday. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark laws. The correct version of this article can be read at https://www.thestockobserver.com/2017/08/14/raytheon-company-rtn-stake-decreased-by-asset-management-one-co-ltd-updated-updated-updated.html.

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded Raytheon from a "buy" rating to a "hold" rating in a research note on Friday, May 19th. Stifel Nicolaus lifted their price target on Raytheon from $160.00 to $175.00 and gave the company a buy rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC reiterated a "buy" rating and set a $172.00 price objective on shares of Raytheon in a research note on Tuesday, May 23rd. Finally, BidaskClub upgraded Raytheon from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The shares were sold at an average price of $163.10, for a total transaction of $164,731.00. Also, Chairman Thomas A. Kennedy sold 10,703 shares of the company's stock in a transaction on Monday, June 5th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Wood sold 1,442 shares of the firm's stock in a transaction on Monday, June 5th. 1,275 shares were sold by RHOADS REBECCA R, worth $194,170 on Friday, March 24. Woodstock Corp now owns 24,243 shares of the aerospace company's stock valued at $3,697,000 after buying an additional 306 shares during the last quarter. The disclosure for this sale can be found here. Following the completion of the sale, the chairman now directly owns 61,671 shares in the company, valued at $9,993,785.55. Hm Cap Lc has invested 0.29% in Raytheon Company (NYSE:RTN). More interesting news about Raytheon Company (NYSE:RTN) were released by: Cnbc.com and their article: "Raytheon to surge on missile defense sales amid rising North Korea tension ..." published on August 10, 2017 as well as Reuters.com's news article titled: "Raytheon wins end to whistleblower's $1 billion satellite lawsuit" with publication date: August 03, 2017. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

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