Washington Trust Bank Holding in Raytheon Co (RTN) Has Lowered by $350,880; Atria Investments Upped Mastercard (MA) Position by $921,900; Stock Price Rose

August 12, 2018 - By Jason Dias

Mastercard Incorporated (NYSE:MA) Logo

Washington Trust Bank decreased its stake in Raytheon Co (RTN) by 4.4% based on its latest 2018Q1 regulatory filing with the SEC. Washington Trust Bank sold 1,632 shares as the company’s stock declined 3.91% with the market. The institutional investor held 35,480 shares of the industrial machinery and components company at the end of 2018Q1, valued at $7.66 million, down from 37,112 at the end of the previous reported quarter. Washington Trust Bank who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $56.01 billion 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: 08/03/2018 – RAYTHEON WINS $876 MLN U.S. DEFENSE CONTRACT -PENTAGON; 31/05/2018 – RAYTHEON SAYS ITS NEWS RELEASE ON EXPANDING ITS RADAR MANUFACTURING IN MISSISSIPPI WAS TRANSMITTED PREMATURELY AND SHOULD BE DISREGARD; 20/04/2018 – INTERVIEW-Lithuania wants more NATO anti-aircraft missiles to deter Russia; 21/03/2018 – RAYTHEON CO. BOOSTS DIV BY 8.8% 14TH CONSECUTIVE ANNUAL BOOST; 28/03/2018 – POLAND IN PACT WITH U.S. GOVERNMENT FOR RAYTHEON’S PATRIOT; 06/03/2018 – Liz Claman: BREAKING: @Raytheon $RTN gets the nod, @realDonaldTrump just said Sweden bought a Patriot missile system from the U; 28/05/2018 – RAYTHEON IN PROJECT PACT W/ DEFENCE SCIENCE AND TECHNOLOGY; 26/04/2018 – Raytheon 1Q Net $633M; 26/04/2018 – Raytheon quarterly profit rises about 26 pct on lower taxes; 09/03/2018 – RPT-CORRECTS THURS MARCH 8 HEADLINE: PALANTIR TECHNOLOGIES WILL SHARE WITH RAYTHEON IN $876 MILLION U.S. DEFENSE CONTRACT -PENTAGON (CORRECTS NAME)

Atria Investments Llc increased its stake in Mastercard Incorporated (MA) by 29.34% based on its latest 2018Q1 regulatory filing with the SEC. Atria Investments Llc bought 5,268 shares as the company’s stock rose 7.48% while stock markets declined. The institutional investor held 23,221 shares of the business services company at the end of 2018Q1, valued at $4.07 million, up from 17,953 at the end of the previous reported quarter. Atria Investments Llc who had been investing in Mastercard Incorporated for a number of months, seems to be bullish on 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.

Atria Investments Llc, which manages about $2.88B and $2.07 billion US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKB) by 1,677 shares to 19,138 shares, valued at $3.82 million in 2018Q1, according to the filing. It also reduced its holding in Archer Daniels Midland Co (NYSE:ADM) by 11,579 shares in the quarter, leaving it with 67,295 shares, and cut its stake in Schwab Strategic Tr (SCHM).

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It dropped, 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. Prudential Public Limited Co has invested 0.25% in Mastercard Incorporated (NYSE:MA). Massachusetts-based Rhumbline Advisers has invested 0.59% in Mastercard Incorporated (NYSE:MA). Klingenstein Fields & Limited owns 0.13% invested in Mastercard Incorporated (NYSE:MA) for 20,088 shares. 14,325 were reported by Livforsakringsbolaget Skandia Omsesidigt. 4,171 are held by Brookstone Management. Armstrong Henry H Associates Incorporated holds 0.88% or 29,876 shares in its portfolio. Pension Service holds 0.68% of its portfolio in Mastercard Incorporated (NYSE:MA) for 787,667 shares. Matthew 25 Management Corporation has invested 3.37% of its portfolio in Mastercard Incorporated (NYSE:MA). Mcdaniel Terry And Company has 0.04% invested in Mastercard Incorporated (NYSE:MA). Everett Harris Ca reported 2,220 shares. Kidder Stephen W has 4.19% invested in Mastercard Incorporated (NYSE:MA) for 62,590 shares. Pinnacle Prns holds 0.12% or 6,559 shares. Us Savings Bank De stated it has 1.08 million shares or 0.58% of all its holdings. Daiwa Securities Group stated it has 0.08% of its portfolio in Mastercard Incorporated (NYSE:MA). Marshfield Associate holds 5.8% or 492,789 shares.

More recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard: Invest In Cashless Transactions” on July 16, 2018. Also Seekingalpha.com published the news titled: “Mastercard: Overpriced At Current Levels” on August 06, 2018. Seekingalpha.com‘s news article titled: “Mastercard: It Will Keep Going Higher” with publication date: July 27, 2018 was also an interesting one.

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. Susquehanna maintained Mastercard Incorporated (NYSE:MA) rating on Thursday, December 28. Susquehanna has “Buy” rating and $180.0 target. The firm has “Buy” rating given on Friday, May 26 by Deutsche Bank. As per Tuesday, November 1, the company rating was downgraded by Guggenheim. RBC Capital Markets maintained Mastercard Incorporated (NYSE:MA) on Monday, October 31 with “Outperform” rating. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, January 25 report. As per Tuesday, March 27, the company rating was initiated by Bernstein. Morgan Stanley maintained it with “Overweight” rating and $205 target in Thursday, May 3 report. Morgan Stanley maintained Mastercard Incorporated (NYSE:MA) on Thursday, July 19 with “Overweight” rating. On Thursday, February 1 the stock rating was maintained by Guggenheim with “Buy”. Loop Capital initiated Mastercard Incorporated (NYSE:MA) on Wednesday, February 15 with “Buy” rating.

Since March 9, 2018, it had 0 insider buys, and 7 insider sales for $56.62 million activity. On Monday, April 2 Haythornthwaite Richard sold $866,104 worth of Mastercard Incorporated (NYSE:MA) or 5,000 shares. CARLUCCI DAVID R sold $1.09 million worth of Mastercard Incorporated (NYSE:MA) on Friday, March 9. Murphy Timothy H also sold $5.53 million worth of Mastercard Incorporated (NYSE:MA) on Monday, March 19. The insider Fraccaro Michael sold $741,960. 17,496 shares were sold by Vosburg Craig, worth $3.25M.

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. The stock of Raytheon Company (NYSE:RTN) has “Sell” rating given on Thursday, September 3 by Zacks. The rating was maintained by JP Morgan with “Overweight” on Monday, October 30. On Friday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained Raytheon Company (NYSE:RTN) on Monday, January 8 with “Buy” rating. The firm earned “Buy” rating on Tuesday, July 28 by Bank of America. The firm earned “Buy” rating on Friday, January 26 by Stifel Nicolaus. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Thursday, August 10 by Cowen & Co. The firm earned “Top Pick” rating on Friday, October 23 by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Tuesday, August 1. The company was maintained on Friday, October 27 by Bank of America.

Since February 13, 2018, it had 1 buying transaction, and 15 selling transactions for $11.24 million activity. 9,589 shares were sold by Kremer Wesley D, worth $2.03 million. Shares for $9.67 million were sold by Kennedy Thomas A. On Monday, April 2 RHOADS REBECCA R sold $2.56M worth of Raytheon Company (NYSE:RTN) or 12,054 shares. 9,826 Raytheon Company (NYSE:RTN) shares with value of $2.12M were sold by Jimenez Frank R. On Tuesday, February 13 Lawrence Taylor W sold $2.80M worth of Raytheon Company (NYSE:RTN) or 12,951 shares. Wood Michael J had sold 523 shares worth $112,078 on Thursday, March 29.

Washington Trust Bank, which manages about $697.09M US Long portfolio, upped its stake in Vanguard Etf/Usa (VTI) by 3,019 shares to 26,715 shares, valued at $3.63M in 2018Q1, according to the filing. It also increased its holding in Cardinal Health Inc (NYSE:CAH) by 5,808 shares in the quarter, for a total of 7,307 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

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. Lsv Asset Mgmt has 0.02% invested in Raytheon Company (NYSE:RTN). Amalgamated Commercial Bank has 0.22% invested in Raytheon Company (NYSE:RTN). Gyroscope Cap Grp Ltd Llc holds 1,824 shares. Tci Wealth Advsr Inc reported 0.25% of its portfolio in Raytheon Company (NYSE:RTN). Artemis Invest Mngmt Llp accumulated 168,058 shares. Obermeyer Wood Inv Counsel Lllp reported 1,083 shares or 0.02% of all its holdings. Pillar Pacific Cap Mgmt Ltd holds 56,224 shares or 1.45% of its portfolio. Connors Investor Ser holds 14,388 shares. Td Asset Mgmt holds 0.09% or 277,882 shares in its portfolio. Moreover, Johnson Inv Counsel has 0.02% invested in Raytheon Company (NYSE:RTN) for 4,083 shares. 129,700 were accumulated by Virginia Retirement Et Al. Schmidt P J Invest holds 5,021 shares or 0.32% of its portfolio. Salem Investment Counselors Inc owns 284 shares. Liberty Mutual Grp Inc Asset Mgmt holds 11,568 shares. Pinnacle Finance Prtnrs Incorporated holds 3,465 shares or 0.08% of its portfolio.

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 $621.87 million 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.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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