Mizuho Securities Co. Ltd. trimmed its position in shares of Raytheon (NYSE:RTN) by 62.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 300 shares of the aerospace company’s stock after selling 500 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Raytheon were worth $55,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in RTN. Vanguard Group Inc lifted its stake in shares of Raytheon by 0.9% in the third quarter. Vanguard Group Inc now owns 23,074,017 shares of the aerospace company’s stock worth $4,768,477,000 after buying an additional 212,408 shares in the last quarter. Elite Wealth Management Inc. bought a new position in shares of Raytheon in the fourth quarter worth approximately $215,000. Sumitomo Life Insurance Co. lifted its stake in shares of Raytheon by 17.2% in the fourth quarter. Sumitomo Life Insurance Co. now owns 17,571 shares of the aerospace company’s stock worth $2,695,000 after buying an additional 2,583 shares in the last quarter. Calamos Advisors LLC lifted its stake in shares of Raytheon by 80.2% in the fourth quarter. Calamos Advisors LLC now owns 370,451 shares of the aerospace company’s stock worth $56,809,000 after buying an additional 164,853 shares in the last quarter. Finally, Notis McConarty Edward bought a new position in shares of Raytheon in the fourth quarter worth approximately $337,000. Hedge funds and other institutional investors own 74.93% of the company’s stock.
In other Raytheon news, VP Frank R. Jimenez sold 1,417 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $180.10, for a total transaction of $255,201.70. Following the completion of the sale, the vice president now directly owns 30,748 shares of the company’s stock, valued at $5,537,714.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michael J. Wood sold 543 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $180.72, for a total transaction of $98,130.96. Following the sale, the chief accounting officer now directly owns 15,081 shares of the company’s stock, valued at $2,725,438.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,062 shares of company stock worth $2,544,079. 0.18% of the stock is owned by insiders.
Shares of Raytheon stock opened at $180.00 on Friday. The company has a market cap of $50.38 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.40 and a beta of 0.96. Raytheon has a twelve month low of $144.27 and a twelve month high of $214.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.31 and a current ratio of 1.43.
Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $2.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.32. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.58 billion. Raytheon had a net margin of 11.11% and a return on equity of 26.27%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 earnings per share. On average, research analysts anticipate that Raytheon will post 11.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Wednesday, April 10th were given a dividend of $0.9425 per share. This is an increase from Raytheon’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.77 dividend on an annualized basis and a yield of 2.09%. Raytheon’s dividend payout ratio is 35.53%.
WARNING: This piece of content was reported by BBNS and is owned by of BBNS. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://baseballnewssource.com/2019/05/25/mizuho-securities-co-ltd-sells-500-shares-of-raytheon-rtn/3412927.html.
Raytheon Company develops integrated products, services, and solutions for the defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.
See Also: What Are Treasury Bonds?
Want to see what other hedge funds are holding RTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon (NYSE:RTN).
Receive News & Ratings for Raytheon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon and related companies with MarketBeat.com's FREE daily email newsletter.