Wealthfront Inc buys $1,916,843 stake in Raytheon Company (RTN)

Raytheon Company (RTN) : Wealthfront Inc scooped up 546 additional shares in Raytheon Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 12,802 shares of Raytheon Company which is valued at $1,916,843.Raytheon Company makes up approximately 0.05% of Wealthfront Inc’s portfolio.

Other Hedge Funds, Including , Symphony Asset Management reduced its stake in RTN by selling 459 shares or 5.08% in the most recent quarter. The Hedge Fund company now holds 8,577 shares of RTN which is valued at $1,284,234. Raytheon Company makes up approx 0.22% of Symphony Asset Management’s portfolio.Cleararc Capital Inc boosted its stake in RTN in the latest quarter, The investment management firm added 12,110 additional shares and now holds a total of 22,034 shares of Raytheon Company which is valued at $3,254,642. Raytheon Company makes up approx 0.62% of Cleararc Capital Inc’s portfolio.Stanley-laman Group Ltd. boosted its stake in RTN in the latest quarter, The investment management firm added 232 additional shares and now holds a total of 1,713 shares of Raytheon Company which is valued at $234,013. Raytheon Company makes up approx 0.10% of Stanley-laman Group Ltd.’s portfolio.Standard Life Investments Ltd boosted its stake in RTN in the latest quarter, The investment management firm added 19,625 additional shares and now holds a total of 636,546 shares of Raytheon Company which is valued at $87,461,420. Raytheon Company makes up approx 0.38% of Standard Life Investments Ltd’s portfolio.

Raytheon Company opened for trading at $145 and hit $146.27 on the upside on Monday, eventually ending the session at $146.04, with a gain of 0.75% or 1.08 points. The heightened volatility saw the trading volume jump to 19,77,439 shares. Company has a market cap of $42,884 M.

On the company’s financial health, Raytheon Company reported $1.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.64. The company had revenue of $6033.00 million for the quarter, compared to analysts expectations of $6040.31 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.

Investors should note that on Nov 16, 2016, Raytheon Company announced a cash dividend of $0.7325. The company’s management has announced Dec 30, 2016 as the ex-dividend date and fixed the record date on Jan 4, 2017. The payable date has been fixed on Feb 2, 2017.

Many Wall Street Analysts have commented on Raytheon Company. Company shares were Reiterated by Deutsche Bank on Oct 28, 2016 to “Hold”, Firm has raised the Price Target to $ 145 from a previous price target of $140 .

Raytheon Company together with its subsidiaries is a technology Company that specializes in defense and other Government markets. The Company develops products services and solutions in markets: sensing; effects; command control communications and intelligence (C3I); and mission support as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence Information and Services; Missile Systems and Space and Airborne Systems. The Company serves both domestic and international customers as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Company’s products include Global Integrated Sensors Integrated Air & Missile Defense Cybersecurity and Special Missions Global Training Solutions Land Warfare Systems Advanced Missile Systems Tactical Airborne Systems Advanced Missile Systems and Electronic Warfare Systems.

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