Ameritas Investment Partners Inc. decreased its stake in shares of Raytheon Company (NYSE:RTN) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,619 shares of the aerospace company’s stock after selling 149 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Raytheon were worth $1,068,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. OxFORD Asset Management LLP lifted its position in Raytheon by 238.8% during the second quarter. OxFORD Asset Management LLP now owns 51,452 shares of the aerospace company’s stock worth $8,308,000 after buying an additional 36,265 shares in the last quarter. National Pension Service lifted its position in Raytheon by 12.1% during the second quarter. National Pension Service now owns 248,655 shares of the aerospace company’s stock worth $39,892,000 after buying an additional 26,830 shares in the last quarter. Abner Herrman & Brock LLC lifted its position in Raytheon by 8.2% during the second quarter. Abner Herrman & Brock LLC now owns 77,617 shares of the aerospace company’s stock worth $12,534,000 after buying an additional 5,866 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Raytheon by 13.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 6,720 shares of the aerospace company’s stock worth $1,085,000 after buying an additional 820 shares in the last quarter. Finally, Appleton Partners Inc. MA lifted its position in Raytheon by 13.7% during the second quarter. Appleton Partners Inc. MA now owns 8,345 shares of the aerospace company’s stock worth $1,348,000 after buying an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

In related news, VP Frank R. Jimenez sold 500 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total value of $90,970.00. Following the transaction, the vice president now directly owns 29,292 shares of the company’s stock, valued at approximately $5,329,386.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vernon E. Clark sold 829 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $180.19, for a total value of $149,377.51. Following the completion of the transaction, the director now directly owns 7,588 shares in the company, valued at $1,367,281.72. The disclosure for this sale can be found here. Insiders sold a total of 5,770 shares of company stock worth $1,052,376 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

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Shares of Raytheon Company (NYSE RTN) opened at 179.58 on Tuesday. The stock has a 50 day moving average price of $185.61 and a 200-day moving average price of $171.36. The firm has a market capitalization of $52.12 billion, a PE ratio of 24.80 and a beta of 0.59. Raytheon Company has a 52 week low of $132.89 and a 52 week high of $190.25.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. The business had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.33 billion. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS. Equities analysts anticipate that Raytheon Company will post $7.60 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be given a $0.7975 dividend. This represents a $3.19 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, October 11th. Raytheon’s dividend payout ratio (DPR) is currently 42.88%.

A number of equities analysts recently commented on the company. Robert W. Baird reiterated a “buy” rating and set a $212.00 price objective on shares of Raytheon in a research report on Tuesday, October 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $209.00 price objective on shares of Raytheon in a research report on Tuesday, October 10th. Citigroup Inc. reiterated a “buy” rating and set a $215.00 price objective (up previously from $192.00) on shares of Raytheon in a research report on Monday, October 9th. ValuEngine downgraded Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Cowen and Company reiterated a “buy” rating and set a $203.00 price objective on shares of Raytheon in a research report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Raytheon currently has a consensus rating of “Buy” and a consensus target price of $198.95.

Raytheon Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. 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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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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