Standard Life Investments LTD Cut Its Alibaba Group Holding LTD (BABA) Stake by $4.42 Million; Raytheon Co (RTN) Share Value Rose While Garcia Hamilton & Associates LP Lowered Its Position

December 16, 2017 - By Marguerite Chambers

Garcia Hamilton & Associates Lp decreased its stake in Raytheon Co (RTN) by 37.77% based on its latest 2017Q2 regulatory filing with the SEC. Garcia Hamilton & Associates Lp sold 3,298 shares as the company’s stock rose 4.85% with the market. The institutional investor held 5,434 shares of the industrial machinery and components company at the end of 2017Q2, valued at $877,000, down from 8,732 at the end of the previous reported quarter. Garcia Hamilton & Associates Lp who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $55.33B market cap company. The stock increased 1.38% or $2.6 during the last trading session, reaching $191.38. About 1.58 million shares traded or 21.16% up from the average. Raytheon Company (NYSE:RTN) has risen 24.03% since December 16, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.

Standard Life Investments Ltd decreased its stake in Alibaba Group Holding Ltd (BABA) by 1.68% based on its latest 2017Q2 regulatory filing with the SEC. Standard Life Investments Ltd sold 31,591 shares as the company’s stock rose 22.58% with the market. The institutional investor held 1.85 million shares of the business services company at the end of 2017Q2, valued at $260.40 million, down from 1.88 million at the end of the previous reported quarter. Standard Life Investments Ltd who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be less bullish one the $445.30B market cap company. The stock increased 1.05% or $1.8 during the last trading session, reaching $173.55. About 41.36M shares traded or 118.98% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 16, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 156 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, November 2 by RBC Capital Markets. As per Thursday, August 13, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by M Partners given on Wednesday, April 19. On Thursday, December 8 the stock rating was reinitiated by Morgan Stanley with “Overweight”. The firm has “Buy” rating by M Partners given on Friday, October 30. The rating was maintained by Needham with “Buy” on Friday, November 3. The rating was initiated by Bernstein with “Outperform” on Wednesday, January 11. Bank of America maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Monday, October 16. Bank of America has “Buy” rating and $200.0 target. The company was downgraded on Thursday, April 20 by Standpoint Research. The rating was maintained by Cantor Fitzgerald on Wednesday, September 9 with “Buy”.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 earnings per share, up 33.03% or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72 billion for 29.92 P/E if the $1.45 EPS becomes a reality. After $1.02 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

Standard Life Investments Ltd, which manages about $15.22 billion and $29.57 billion US Long portfolio, upped its stake in Netease Inc (NASDAQ:NTES) by 24,892 shares to 25,063 shares, valued at $7.53M in 2017Q2, according to the filing. It also increased its holding in Yum China Holdings Inc by 91,737 shares in the quarter, for a total of 92,923 shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 25. They expect $2.03 EPS, up 7.98% or $0.15 from last year’s $1.88 per share. RTN’s profit will be $586.84 million for 23.57 P/E if the $2.03 EPS becomes a reality. After $1.97 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.05% EPS growth.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.15, from 1.27 in 2017Q1. It fall, as 43 investors sold RTN shares while 348 reduced holdings. 93 funds opened positions while 346 raised stakes. 208.75 million shares or 1.40% less from 211.71 million shares in 2017Q1 were reported. Buckingham Capital Mngmt invested in 0.07% or 1,781 shares. Tiedemann Wealth Management Ltd Limited Liability Company reported 6,045 shares. Retail Bank Of Hawaii has 8,012 shares. Amica Retiree Med Trust has invested 0.36% in Raytheon Company (NYSE:RTN). Massmutual Communication Fsb Adv reported 0% of its portfolio in Raytheon Company (NYSE:RTN). Cwm Ltd has invested 0.01% in Raytheon Company (NYSE:RTN). Bluemountain Mngmt Limited Liability Co owns 0.06% invested in Raytheon Company (NYSE:RTN) for 18,460 shares. Segment Wealth Mngmt Ltd Llc invested in 16,157 shares. Twin Tree Mngmt L P, Texas-based fund reported 13,583 shares. 12,410 are held by Coastline Tru. Amp Cap Ltd invested in 0.02% or 15,862 shares. 329 are owned by Liberty Capital Mngmt. First Allied Advisory Serv reported 14,899 shares. Woodley Farra Manion Mngmt invested in 0.69% or 33,363 shares. The Wisconsin-based Schmidt P J Management Inc has invested 0.24% in Raytheon Company (NYSE:RTN).

Since August 14, 2017, it had 0 insider purchases, and 3 selling transactions for $961,405 activity. Jimenez Frank R also sold $121,723 worth of Raytheon Company (NYSE:RTN) on Monday, October 2. 829 shares were sold by Clark Vernon E, worth $149,378.

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