Published: Thu, March 15, 2018
Business | By Tara Barton

The Traders Sell Boeing (BA) on Strength (BA)


Bp Plc who had been investing in Facebook Inc A for a number of months, seems to be bullish on the $530.02B market cap company. The stock decreased 0.75% or $0.17 during the last trading session, reaching $22.45. About 3.33M shares traded. It has underperformed by 25.94% the S&P500.

Lockheed Martin Investment Management Company increased its stake in The Boeing Co (BA) by 26% based on its latest 2017Q3 regulatory filing with the SEC. 1St Source Bank acquired 1,727 shares as Boeing Co (BA)'s stock rose 4.66%.

Some buy side analysts are also providing their Analysis on The Boeing Company, where 5 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 4 said it's a HOLD, and 1 analysts rated the stock as Sell. The stock has been active on the tape, now trading at $338.67, down from yesterday's close by -1.60%. About 3.33M shares traded. Over the past twelve months, The Boeing Company (NYSE:BA)'s stock was 14.84%. It has outperformed by 24.43% the S&P500.

Investors sentiment increased to 1.72 in Q3 2017. Its down 0.02, from 0.81 in 2017Q2.

Other large investors also recently added to or reduced their stakes in the company. 128 funds opened positions while 644 raised stakes. Tarbox Family Office has 1,009 shares. Supplemental Annuity Collective Of Nj owns 6,000 shares for 0.67% of their portfolio. Fort Pitt Capital Group LLC now owns 255,421 shares of the aircraft producer's stock valued at $50,510,000 after buying an additional 10,096 shares in the last quarter. 10,814 are held by Metropolitan Life Ins New York. Bokf Na has invested 0.03% in Genpact Limited (NYSE:G). Numeric Invsts Limited Liability reported 936,659 shares. (NASDAQ:FB). Monroe Bank And Mi accumulated 127 shares. Blair William And Co Il has invested 0.02% in Genpact Limited (NYSE:G). The firm owned 87,678 shares of the aircraft producer's stock after selling 25,794 shares during the period. Acadian Asset Limited Liability Company has 0.02% invested in Genpact Limited (NYSE:G) for 129,512 shares. Ameriprise Fincl, Minnesota-based fund reported 120,171 shares. The stock has "Hold" rating by Wells Fargo on Wednesday, September 20. 11,607 were reported by Kcm Investment Advsr Limited Liability Company. North Star Asset Management Inc bought 19,953 shares as the company's stock declined 10.36% while stock markets rallied. Camarda Advisors Limited Liability Co accumulated 90 shares.

Bp Plc, which manages about $2.82B US Long portfolio, decreased its stake in Johnson Johnson (NYSE:JNJ) by 4,000 shares to 314,000 shares, valued at $40.82 million in 2017Q3, according to the filing. As per Friday, July 7, the company rating was maintained by Canaccord Genuity. BP had 58 analyst reports since July 24, 2015 according to SRatingsIntel. Buckingham Research maintained it with "Neutral" rating and $289 target in Thursday, February 8 report. The rating was downgraded by BB&T Capital on Wednesday, July 13 to "Hold".

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Boeing announced that its Board of Directors has authorized a share repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. RBC Capital Markets maintained the stock with "Sector Perform" rating in Thursday, September 3 report. Robert W. Baird downgraded the stock to "Underperform" rating in Tuesday, November 28 report. The rating was maintained by Mizuho with "Buy" on Thursday, April 28. The rating was maintained by Barclays Capital with "Overweight" on Thursday, October 6. The company was initiated on Thursday, August 3 by Wedbush.

Perhaps, that suggests something about why 0.61% of the outstanding share supply is held by institutional investors. Its down 0.05, from 0.86 in 2017Q2. It worsened, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. Stockholders of record on Friday, February 9th were given a dividend of $1.71 per share. During the same quarter past year, the company earned $2.47 earnings per share. 44,161 are owned by Quadrant Capital Mngmt Ltd. Teachers Retirement Systems Of The State Of Kentucky holds 324,675 shares. Mason Street Ltd has 6,638 shares for 0% of their portfolio. 65,082 are owned by Cibc Retail Bank Usa.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. 156,201 are owned by Keybank National Association Oh. M&R Cap Mgmt Inc accumulated 4,806 shares. Hong Kong-based Nine Masts Cap Ltd has invested 0.16% in The Boeing Company (NYSE:BA). Liberty Mutual Group Asset stated it has 25,044 shares.

In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction dated Thursday, February 8th. Cubist Systematic Strategies Limited Liability Co has 0.05% invested in The Boeing Company (NYSE:BA). Connor Clark Lunn Invest Mgmt invested in 106,339 shares. Moreover, Virtus Investment Advisers has 0.08% invested in American International Group, Inc. Westfield Cap Limited Partnership owns 267,828 shares or 0.52% of their U.S. portfolio.

Beacon Investment Advisory Services Inc. increased its position in shares of Boeing Co (NYSE:BA) by 406.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Royal Bank of Canada set a $290.00 price objective on shares of Boeing and gave the company a "hold" rating in a research report on Wednesday, November 15th.

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