Edgar Lomax Co Trimmed Position in Raytheon Co Com New (RTN) by $27.41 Million; Alta Capital Management Decreased Stake in Mastercard (MA) by $1.66 Million

June 23, 2018 - By Darrin Black

Mastercard Incorporated (NYSE:MA) Logo

Alta Capital Management Llc decreased its stake in Mastercard Inc (MA) by 2.93% based on its latest 2018Q1 regulatory filing with the SEC. Alta Capital Management Llc sold 9,493 shares as the company’s stock rose 7.48% while stock markets declined. The institutional investor held 314,298 shares of the business services company at the end of 2018Q1, valued at $55.05M, down from 323,791 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Mastercard Inc for a number of months, seems to be less bullish one the $210.34B market cap company. The stock increased 0.35% or $0.7 during the last trading session, reaching $201.48. About 3.13M shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 23, 2017 and is uptrending. It has outperformed by 44.23% the S&P500.

Edgar Lomax Co decreased its stake in Raytheon Co Com New (RTN) by 62.72% based on its latest 2018Q1 regulatory filing with the SEC. Edgar Lomax Co sold 127,500 shares as the company’s stock declined 3.91% with the market. The institutional investor held 75,771 shares of the industrial machinery and components company at the end of 2018Q1, valued at $16.35M, down from 203,271 at the end of the previous reported quarter. Edgar Lomax Co who had been investing in Raytheon Co Com New for a number of months, seems to be less bullish one the $55.55B market cap company. The stock decreased 0.68% or $1.32 during the last trading session, reaching $193.38. About 3.64 million shares traded or 84.05% up from the average. Raytheon Company (NYSE:RTN) has risen 29.53% since June 23, 2017 and is uptrending. It has outperformed by 16.96% the S&P500. Some Historical RTN News: 26/04/2018 – RAYTHEON CO RTN.N – SEES FY 2018 NET SALES $26.5 BLN – $27.0 BLN; 08/03/2018 – U.S. STATE DEPARTMENT APPROVES POSSIBLE $197 MLN SALE OF EQUIPMENT TO QATARI AIR FORCE -STATEMENT; 31/05/2018 – RAYTHEON CO RTN.N – NEW RADAR PRODUCTION FACILITY WILL BRING DOZENS OF JOBS TO FOREST OVER NEXT FIVE YEARS; 26/04/2018 – Raytheon Presenting at Wells Fargo Industrials Conference May 8; 25/05/2018 – Raytheon awarded contract to produce Romania’s new Patriot system; 28/03/2018 – Poland, United States sign $4.75 bln deal on Patriot missiles; 18/04/2018 – RAYTHEON CO – THE SMALLSATS ARE SCHEDULED TO BE LAUNCHED INTO LOWER EARTH ORBIT LATER THIS YEAR; 21/03/2018 – Raytheon Board Approves 8.8% Annual Dividend Increase — MarketWatch; 06/03/2018 – Liz Claman: BREAKING: @Raytheon $RTN gets the nod, @realDonaldTrump just said Sweden bought a Patriot missile system from the U; 24/04/2018 – BOEING – $3 BLN ORDER, AT CURRENT LIST PRICES, WAS PREVIOUSLY LISTED AS UNIDENTIFIED ON BOEING’S ORDERS & DELIVERIES WEBSITE

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Why I Would Still Choose Mastercard Over Visa” on May 28, 2018, also Nasdaq.com with their article: “Better Buy: American Express Company vs. Discover” published on June 19, 2018, Seekingalpha.com published: “Mastercard, Inc. (MA) Management Presents at William Blair Growth Stock Brokers Conference (Transcript)” on June 13, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Benzinga.com and their article: “Here’s Why You Should Know What The ‘Sharing Economy’ Is” published on June 21, 2018 as well as Seekingalpha.com‘s news article titled: “Mastercard, Inc. (MA) Management Presents at RBC 2018 Financial Technology Investor Day Conference (Transcript)” with publication date: June 14, 2018.

Since January 2, 2018, it had 0 insider purchases, and 8 sales for $59.23 million activity. BANGA AJAY had sold 239,020 shares worth $44.45 million. $692,252 worth of stock was sold by Fraccaro Michael on Monday, April 9. Shares for $5.53 million were sold by Murphy Timothy H on Monday, March 19. $2.61M worth of Mastercard Incorporated (NYSE:MA) was sold by McLaughlin Edward Grunde on Tuesday, January 2. $3.25M worth of Mastercard Incorporated (NYSE:MA) shares were sold by Vosburg Craig. Shares for $1.09 million were sold by CARLUCCI DAVID R.

Investors sentiment decreased to 0.86 in Q1 2018. 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. Cim Ltd Liability Com owns 77,308 shares for 5.25% of their portfolio. 1,534 are held by Cibc Financial Bank Usa. Chilton Cap Mgmt Ltd Company has invested 0.07% of its portfolio in Mastercard Incorporated (NYSE:MA). Voya Inv Mgmt has 2.31M shares for 0.86% of their portfolio. Scotia Capital holds 0.16% or 64,262 shares in its portfolio. 9,486 were reported by Jag Capital Mngmt Ltd Liability Com. 4,951 were reported by Essex. 75,000 are held by Lombard Odier Asset (Usa) Corp. Braun Stacey Assocs owns 1.43% invested in Mastercard Incorporated (NYSE:MA) for 118,894 shares. 2,742 were accumulated by Alpha Cubed Investments Ltd Com. Moreover, Bragg Advisors has 0.41% invested in Mastercard Incorporated (NYSE:MA) for 15,881 shares. Gradient Invests Ltd Llc reported 10 shares. Hartford Financial Mngmt holds 0.26% of its portfolio in Mastercard Incorporated (NYSE:MA) for 2,885 shares. The Michigan-based Comerica Securities has invested 0.19% in Mastercard Incorporated (NYSE:MA). Smith Moore &, Missouri-based fund reported 1,228 shares.

Alta Capital Management Llc, which manages about $1.48 billion and $1.61 billion US Long portfolio, upped its stake in Starbucks (NASDAQ:SBUX) by 6,271 shares to 589,237 shares, valued at $34.11M in 2018Q1, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 20,891 shares in the quarter, for a total of 312,470 shares, and has risen its stake in Middleby Corp Com (NASDAQ:MIDD).

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Mastercard Incorporated (NYSE:MA) has “Neutral” rating given on Friday, April 15 by Compass Point. As per Friday, September 8, the company rating was maintained by Barclays Capital. On Wednesday, December 16 the stock rating was initiated by UBS with “Buy”. The firm earned “Outperform” rating on Thursday, January 4 by RBC Capital Markets. The stock of Mastercard Incorporated (NYSE:MA) earned “Top Pick” rating by RBC Capital Markets on Friday, June 16. The rating was maintained by Mizuho with “Hold” on Wednesday, October 11. BMO Capital Markets maintained Mastercard Incorporated (NYSE:MA) on Thursday, February 1 with “Buy” rating. Cowen & Co initiated the stock with “Outperform” rating in Wednesday, September 30 report. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 1 report. The rating was initiated by UBS on Thursday, May 17 with “Hold”.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 EPS, up 40.00% or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61 billion for 32.71 P/E if the $1.54 EPS becomes a reality. After $1.50 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

Edgar Lomax Co, which manages about $1.38 billion and $1.39B US Long portfolio, upped its stake in Intel Corp Com (NASDAQ:INTC) by 204,150 shares to 789,508 shares, valued at $41.12M in 2018Q1, according to the filing. It also increased its holding in Cvs Health Corp Com (NYSE:CVS) by 291,375 shares in the quarter, for a total of 939,483 shares, and has risen its stake in Chevron Corp New Com (NYSE:CVX).

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.11, from 1.09 in 2017Q4. It worsened, 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. California Pub Employees Retirement Sys holds 0.22% of its portfolio in Raytheon Company (NYSE:RTN) for 707,011 shares. Gradient Limited Liability reported 381 shares. Fort Point Cap Partners Limited Co holds 0.09% or 1,591 shares in its portfolio. Great West Life Assurance Co Can invested in 260,274 shares. Gateway Investment Advisers Ltd Liability Corporation holds 320,228 shares or 0.61% of its portfolio. First Bank Of Omaha invested 0.37% of its portfolio in Raytheon Company (NYSE:RTN). Stratos Wealth Partners Ltd holds 7,194 shares. Mai Cap Mgmt holds 0.81% in Raytheon Company (NYSE:RTN) or 66,213 shares. Carroll Assocs Inc invested 0.05% of its portfolio in Raytheon Company (NYSE:RTN). Baystate Wealth Limited Liability owns 0.01% invested in Raytheon Company (NYSE:RTN) for 396 shares. Dowling & Yahnke Ltd reported 1.56% of its portfolio in Raytheon Company (NYSE:RTN). 28,432 are owned by Blue Chip Prtnrs Inc. Cullen Cap Lc stated it has 328,350 shares. New England Private Wealth Advsrs Lc stated it has 3,782 shares or 0.23% of all its holdings. Bnp Paribas Asset Management Sa stated it has 283,769 shares or 0.52% of all its holdings.

Since January 2, 2018, it had 1 buy, and 24 selling transactions for $32.55 million activity. 5,688 shares were sold by Kennedy Thomas A, worth $1.22 million. Hadley Stephen J sold $209,233 worth of stock. $718,217 worth of stock was sold by Jimenez Frank R on Monday, January 29. On Wednesday, May 30 Clark Vernon E sold $212,517 worth of Raytheon Company (NYSE:RTN) or 1,000 shares. 650 shares were sold by Long Letitia A, worth $120,790. $2.77 million worth of Raytheon Company (NYSE:RTN) was sold by WAJSGRAS DAVID C on Tuesday, February 13.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Raytheon Company had 81 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Friday, April 6 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, July 28 by Bank of America. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 10 report. The company was maintained on Friday, October 23 by Stifel Nicolaus. Jefferies maintained the stock with “Buy” rating in Monday, August 28 report. On Wednesday, September 2 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, November 28 by Wells Fargo. The firm has “Buy” rating given on Thursday, July 27 by Stifel Nicolaus. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Outperform” rating on Friday, October 27 by Wells Fargo.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Seekingalpha.com which released: “Raytheon: Technology-Focused Defense Player” on June 05, 2018, also Fool.com with their article: “How Lockheed Shaved $3 Billion Off F-35 Costs” published on June 20, 2018, Seekingalpha.com published: “Raytheon CEO sees continuing demand for Patriot missiles” on June 01, 2018. More interesting news about Raytheon Company (NYSE:RTN) were released by: Seekingalpha.com and their article: “Buy Lockheed Martin On Weakness – Cramer’s Lightning Round (6/14/18)” published on June 15, 2018 as well as Finance.Yahoo.com‘s news article titled: “5 Top Stock Trades for Friday Morning” with publication date: June 21, 2018.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on July, 26. They expect $2.32 EPS, up 17.17% or $0.34 from last year’s $1.98 per share. RTN’s profit will be $666.42 million for 20.84 P/E if the $2.32 EPS becomes a reality. After $2.20 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 5.45% EPS growth.

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