Mastercard (MA) Market Valuation Rose While White Elm Capital Has Trimmed Holding by $3.01 Million; As Raytheon Co Com New (RTN) Valuation Declined, Shareholder Cleararc Capital Cut by $585,445 Its Holding

August 12, 2018 - By Kristin Houston

Raytheon Company (NYSE:RTN) Logo

White Elm Capital Llc decreased its stake in Mastercard Incorporated (MA) by 13.36% based on its latest 2018Q1 regulatory filing with the SEC. White Elm Capital Llc sold 17,200 shares as the company’s stock rose 7.48% while stock markets declined. The hedge fund held 111,560 shares of the business services company at the end of 2018Q1, valued at $19.54 million, down from 128,760 at the end of the previous reported quarter. White Elm Capital Llc who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $210.44 billion market cap company. The stock decreased 0.47% or $0.95 during the last trading session, reaching $202.65. About 2.57 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since August 12, 2017 and is uptrending. It has outperformed by 44.23% the S&P500. Some Historical MA News: 02/05/2018 – Mastercard 1Q Adj EPS $1.50; 15/03/2018 – Help from MasterCard and IBM on EU data rules; 26/04/2018 – IFC, MA TO EXPAND PACT TO FOCUS ON EMERGING MARKET INCLUSION; 16/04/2018 – AMBASSADOR MICHAEL FROMAN JOINS MASTERCARD AS VICE CHAIRMAN,; 16/04/2018 – MASTERCARD HIRES OBAMA TRADE REP FROMAN IN STRATEGIC GROWTH; 05/04/2018 – MASTERCARD INC – CAIRNS SITS ON GROUP BOARD OF INTERCONTINENTAL EXCHANGE (ICE) AND IS CHAIR OF ICE CLEAR EUROPE; 11/04/2018 – Mastercard and Fred Segal Open ‘Rock ‘n Roll Holy Land’ on the Sunset Strip; 03/05/2018 – Mastercard blames cryptocurrencies for slight drop in first-quarter growth; 06/03/2018 – XOX BHD XOXB.KL – CO HAS YET TO ENTER INTO ANY FORM OF AGREEMENT WITH MASTERCARD; 22/03/2018 – Pymnts.com: Equifax Names Ex-Mastercard CEO To Its Board

Cleararc Capital Inc decreased its stake in Raytheon Co Com New (RTN) by 10.43% based on its latest 2018Q1 regulatory filing with the SEC. Cleararc Capital Inc sold 2,723 shares as the company’s stock declined 3.91% with the market. The institutional investor held 23,378 shares of the industrial machinery and components company at the end of 2018Q1, valued at $5.05M, down from 26,101 at the end of the previous reported quarter. Cleararc Capital Inc who had been investing in Raytheon Co Com New for a number of months, seems to be less bullish one the $56.01B market cap company. The stock increased 0.13% or $0.25 during the last trading session, reaching $196.35. About 1.24M shares traded. Raytheon Company (NYSE:RTN) has risen 29.53% since August 12, 2017 and is uptrending. It has outperformed by 16.96% the S&P500. Some Historical RTN News: 26/04/2018 – Raytheon Still Sees 2018 Operating Cash Flow From Continuing Ops $3.6B-$4B; 26/04/2018 – Raytheon 1Q Operating Cash Flow From Continuing Ops $283M; 25/04/2018 – AIRSHOW-LOCKHEED MARTIN EXECUTIVE SAYS GOAL IS TO GET GERMAN TLVS MISSILE DEFENCE PROGRAMME UNDER CONTRACT BY END OF 2018; 08/03/2018 – RAYTHEON WINS $876 MLN U.S. DEFENSE CONTRACT -PENTAGON; 22/03/2018 – United States set to sign deal on Patriot missile sale to Poland next week; 11/04/2018 – Raytheon contracted to demonstrate Army mobile intelligence platform; 27/03/2018 – European missiles group MBDA wins 400 mln stg UK deal; 03/04/2018 – Rheinmetall says in talks for UK Boxer partners; 24/05/2018 – Raytheon, No Barriers seek disabled veterans for transformational expedition; 08/03/2018 – U.S. STATE DEPARTMENT APPROVES POSSIBLE $270.4 MLN SALE OF 300 SIDEWINDER MISSILES, RELATED EQUIPMENT TO UNITED ARAB EMIRATES – PENTAGON STATEMENT

More notable recent Raytheon Company (NYSE:RTN) news were published by: Streetinsider.com which released: “Raytheon (RTN), US Government Secure Order from Sweden for Patriot Air and Missile Defense System” on August 10, 2018, also Seekingalpha.com with their article: “Raytheon: Buy This Military Contractor For Great Total Return” published on July 24, 2018, Seekingalpha.com published: “Raytheon +1.9% after updating outlook” on July 26, 2018. More interesting news about Raytheon Company (NYSE:RTN) were released by: Seekingalpha.com and their article: “Raytheon (RTN) Q2 2018 Results – Earnings Call Transcript” published on July 26, 2018 as well as Benzinga.com‘s news article titled: “Earnings Preview: Raytheon” with publication date: July 25, 2018.

Cleararc Capital Inc, which manages about $7.05B and $662.69 million US Long portfolio, upped its stake in Fiserv Inc Com (NASDAQ:FISV) by 5,226 shares to 10,527 shares, valued at $751,000 in 2018Q1, according to the filing. It also increased its holding in Cme Group Inc Com (NASDAQ:CME) by 18,118 shares in the quarter, for a total of 27,372 shares, and has risen its stake in Abbott Labs Com (NYSE:ABT).

Among 21 analysts covering Raytheon Company (NYSE:RTN), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Raytheon Company had 83 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, October 23, the company rating was maintained by Deutsche Bank. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 23. The firm has “Outperform” rating by Bernstein given on Monday, October 30. Jefferies maintained Raytheon Company (NYSE:RTN) on Friday, June 23 with “Buy” rating. The rating was maintained by Bank of America with “Buy” on Friday, October 27. Bank of America upgraded the shares of RTN in report on Tuesday, August 1 to “Buy” rating. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 6. The company was maintained on Friday, July 29 by Stifel Nicolaus. Stifel Nicolaus maintained Raytheon Company (NYSE:RTN) rating on Thursday, July 27. Stifel Nicolaus has “Buy” rating and $18500 target. The firm has “Buy” rating by RBC Capital Markets given on Friday, April 6.

Since February 13, 2018, it had 1 insider buy, and 15 sales for $11.24 million activity. Kremer Wesley D also sold $2.03M worth of Raytheon Company (NYSE:RTN) shares. Wood Michael J also sold $112,078 worth of Raytheon Company (NYSE:RTN) shares. Jimenez Frank R had sold 1,494 shares worth $320,152. $1.30M worth of Raytheon Company (NYSE:RTN) shares were sold by Kennedy Thomas A. The insider WAJSGRAS DAVID C sold $2.77M. RHOADS REBECCA R sold 1,527 shares worth $323,961.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.11, from 1.09 in 2017Q4. It is negative, as 55 investors sold RTN shares while 396 reduced holdings. 105 funds opened positions while 336 raised stakes. 201.09 million shares or 0.71% less from 202.53 million shares in 2017Q4 were reported. M Securities accumulated 1,947 shares. 863,600 were accumulated by New York State Common Retirement Fund. Wedge Capital Management L Ltd Partnership Nc has invested 0.47% in Raytheon Company (NYSE:RTN). Moreover, Macquarie Ltd has 1.32% invested in Raytheon Company (NYSE:RTN) for 3.37 million shares. Associate reported 3,212 shares or 1.07% of all its holdings. Barnett & Communication owns 0.02% invested in Raytheon Company (NYSE:RTN) for 178 shares. The New Jersey-based Regentatlantic Capital Llc has invested 0.88% in Raytheon Company (NYSE:RTN). Oregon Pub Employees Retirement Fund holds 69,177 shares or 0.23% of its portfolio. Gibraltar Cap Management stated it has 0.19% in Raytheon Company (NYSE:RTN). Williams Jones And Associate Lc holds 207,035 shares or 1.04% of its portfolio. West Oak Capital Limited owns 10,976 shares. Moreover, Cullen Capital Mngmt Ltd Limited Liability Company has 2.51% invested in Raytheon Company (NYSE:RTN). Magnetar Ltd Limited Liability Company accumulated 1,780 shares or 0.01% of the stock. Qs Investors Ltd Liability Com holds 0.02% or 8,102 shares in its portfolio. 31,145 are held by Synovus Fincl.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on October, 25. They expect $2.18 earnings per share, up 10.66% or $0.21 from last year’s $1.97 per share. RTN’s profit will be $621.87M for 22.52 P/E if the $2.18 EPS becomes a reality. After $2.45 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts -11.02% negative EPS growth.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on October, 30. They expect $1.67 EPS, up 24.63% or $0.33 from last year’s $1.34 per share. MA’s profit will be $1.73B for 30.34 P/E if the $1.67 EPS becomes a reality. After $1.66 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 0.60% EPS growth.

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.05, from 0.91 in 2017Q4. It turned negative, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. 350 were reported by Blume Mngmt Incorporated. Linscomb And Williams owns 11,139 shares or 0.17% of their US portfolio. Artisan Ltd Partnership reported 204,013 shares. Bnp Paribas Asset Management Hldg reported 0.61% in Mastercard Incorporated (NYSE:MA). Quantbot Technology Ltd Partnership reported 0.16% of its portfolio in Mastercard Incorporated (NYSE:MA). Ivory Lc holds 0.79% or 74,562 shares in its portfolio. Susquehanna Gru Llp holds 0.08% in Mastercard Incorporated (NYSE:MA) or 1.34 million shares. King Wealth invested in 0.19% or 2,992 shares. Centurylink Mgmt invested in 6,015 shares. Voloridge Investment Limited Liability holds 0.05% of its portfolio in Mastercard Incorporated (NYSE:MA) for 11,962 shares. First Hawaiian Bancorporation stated it has 1,453 shares. Spinnaker Trust has invested 0.12% of its portfolio in Mastercard Incorporated (NYSE:MA). Plante Moran Financial Advsr Ltd Liability Co owns 3,572 shares or 0.34% of their US portfolio. Raymond James Trust Na holds 0.17% of its portfolio in Mastercard Incorporated (NYSE:MA) for 13,886 shares. Mirae Asset Glob Invs Co holds 338,560 shares or 0.78% of its portfolio.

Since March 9, 2018, it had 0 insider purchases, and 7 selling transactions for $56.62 million activity. On Monday, April 2 the insider Haythornthwaite Richard sold $866,104. Vosburg Craig sold $3.25M worth of Mastercard Incorporated (NYSE:MA) on Thursday, May 3. CARLUCCI DAVID R sold $1.09 million worth of Mastercard Incorporated (NYSE:MA) on Friday, March 9. Murphy Timothy H sold $5.53 million worth of stock or 30,628 shares. BANGA AJAY also sold $44.45 million worth of Mastercard Incorporated (NYSE:MA) shares.

Among 42 analysts covering Mastercard Incorporated (NYSE:MA), 37 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 140 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co initiated Mastercard Incorporated (NYSE:MA) on Wednesday, September 30 with “Outperform” rating. The firm has “Buy” rating given on Friday, May 11 by Tigress Financial. Piper Jaffray maintained the stock with “Buy” rating in Thursday, February 1 report. As per Wednesday, November 1, the company rating was maintained by KeyBanc Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, July 27. The firm has “Hold” rating given on Friday, October 30 by S&P Research. On Monday, October 31 the stock rating was maintained by Compass Point with “Neutral”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. The company was maintained on Wednesday, September 6 by Cowen & Co. The company was initiated on Thursday, December 17 by Sterne Agee CRT.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts