Checchi Capital Advisers LLC Has $633,000 Stock Position in Raytheon (NYSE:RTN)

Checchi Capital Advisers LLC lifted its position in shares of Raytheon (NYSE:RTN) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,226 shares of the aerospace company’s stock after buying an additional 74 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Raytheon were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its position in shares of Raytheon by 4.2% during the third quarter. Miracle Mile Advisors LLC now owns 16,231 shares of the aerospace company’s stock worth $3,184,000 after buying an additional 651 shares during the period. Trillium Asset Management LLC acquired a new stake in shares of Raytheon during the third quarter worth $287,000. Goelzer Investment Management Inc. acquired a new stake in shares of Raytheon during the third quarter worth $219,000. Tiedemann Advisors LLC increased its position in shares of Raytheon by 1.4% during the third quarter. Tiedemann Advisors LLC now owns 4,139 shares of the aerospace company’s stock worth $811,000 after buying an additional 57 shares during the period. Finally, Rational Advisors LLC increased its position in shares of Raytheon by 709.7% during the third quarter. Rational Advisors LLC now owns 1,911 shares of the aerospace company’s stock worth $374,000 after buying an additional 1,675 shares during the period. Institutional investors own 72.46% of the company’s stock.

In other Raytheon news, VP Randa G. Newsome sold 4,300 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $199.10, for a total value of $856,130.00. Following the transaction, the vice president now directly owns 18,281 shares of the company’s stock, valued at $3,639,747.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Wesley D. Kremer sold 2,915 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $583,000.00. Following the completion of the transaction, the vice president now directly owns 26,260 shares in the company, valued at $5,252,000. The disclosure for this sale can be found here. Insiders sold 10,769 shares of company stock worth $2,120,750 over the last ninety days. Insiders own 0.18% of the company’s stock.

Several equities research analysts have recently weighed in on RTN shares. Barclays set a $215.00 price objective on shares of Raytheon and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Bank of America reiterated a “buy” rating and set a $265.00 price objective (up from $224.00) on shares of Raytheon in a research report on Friday, July 26th. Sanford C. Bernstein increased their price objective on shares of Raytheon from $212.00 to $225.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. Cowen reissued a “buy” rating and set a $225.00 target price on shares of Raytheon in a research note on Thursday, October 24th. Finally, ValuEngine raised shares of Raytheon from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $217.94.

Shares of NYSE RTN opened at $215.37 on Thursday. The firm has a market cap of $60.11 billion, a PE ratio of 20.30, a P/E/G ratio of 1.71 and a beta of 0.89. Raytheon has a 12-month low of $144.27 and a 12-month high of $218.00. The company’s fifty day simple moving average is $204.35 and its 200 day simple moving average is $187.42. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 0.38.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, October 24th. The aerospace company reported $3.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.22. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.29 billion. Raytheon had a net margin of 11.47% and a return on equity of 27.23%. Raytheon’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 earnings per share. On average, equities analysts predict that Raytheon will post 11.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 8th will be paid a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 1.75%. Raytheon’s dividend payout ratio (DPR) is 35.53%.

About Raytheon

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.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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