RTX Corporation (NYSE:RTX) Stock Holdings Lessened by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. reduced its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,790 shares of the company's stock after selling 6,065 shares during the quarter. Mmbg Investment Advisors CO.'s holdings in RTX were worth $3,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 10Elms LLP acquired a new position in RTX in the fourth quarter valued at $29,000. Fairway Wealth LLC acquired a new position in RTX in the fourth quarter valued at $31,000. Picton Mahoney Asset Management increased its stake in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares during the period. Greenline Partners LLC acquired a new position in RTX in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new position in RTX in the fourth quarter valued at $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president now owns 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president now directly owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. UBS Group upped their price target on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Cowen reaffirmed a "buy" rating on shares of RTX in a report on Friday, May 23rd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $161.12.

RTX Trading Up 1.4%

Shares of RTX traded up $1.97 on Friday, hitting $144.64. 9,172,767 shares of the stock traded hands, compared to its average volume of 5,365,696. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $193.23 billion, a P/E ratio of 42.42, a P/E/G ratio of 2.61 and a beta of 0.63. The stock's 50 day moving average is $134.87 and its two-hundred day moving average is $128.37. RTX Corporation has a 1 year low of $99.07 and a 1 year high of $149.26.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. As a group, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.88%. RTX's dividend payout ratio (DPR) is 79.77%.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.