BA Stock: Institutional Investors Are Selling Boeing Co

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Sentiment for Boeing Co (NYSE:BA)

Boeing Co (NYSE:BA) institutional sentiment decreased to 0.81 in Q3 2017. Its down -0.05, from 0.86 in 2017Q2. The ratio has dropped, as 532 funds opened new and increased holdings, while 659 decreased and sold their equity positions in Boeing Co. The funds in our partner’s database now hold: 411.79 million shares, down from 419.99 million shares in 2017Q2. Also, the number of funds holding Boeing Co in their top 10 holdings increased from 75 to 122 for an increase of 47. Sold All: 50 Reduced: 609 Increased: 367 New Position: 165.

The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has market cap of $199.22 billion. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. It has a 30.82 P/E ratio. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements; and provides related support services to the commercial airline industry.

The stock increased 1.94% or $6.38 during the last trading session, reaching $334.5. About 1.17 million shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 12, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 earnings per share, up 16.19 % or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71 billion for 29.14 P/E if the $2.87 EPS becomes a reality. After $2.72 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51 % EPS growth.

Evercore Trust Company N.A. holds 24.78% of its portfolio in The Boeing Company for 33.71 million shares. Levy Harkins & Co Inc owns 126,060 shares or 10.55% of their US portfolio. Moreover, United Fire Group Inc has 6.42% invested in the company for 75,000 shares. The Ohio-based Keystone Financial Planning Inc. has invested 6.04% in the stock. Valueworks Llc, a New York-based fund reported 31,702 shares.#img1#

Since January 1, 0001, it had 0 buys, and 5 sales for $20.35 million activity.

The Boeing Company (NYSE:BA) Ratings Coverage

Ratings analysis reveals 65% of Boeing’s analysts are positive. Out of 23 Wall Street analysts rating Boeing, 15 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $125 while the high is $430.0. The stock’s average target of $274.55 is -17.92% below today’s ($334.5) share price. BA was included in 88 notes of analysts from August 26, 2015. The rating was maintained by RBC Capital Markets on Thursday, September 3 with “Sector Perform”. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, January 28 report. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Wednesday, July 19 by Bank of America. The company was maintained on Thursday, September 17 by Cowen & Co. The stock of The Boeing Company (NYSE:BA) earned “Buy” rating by Argus Research on Thursday, April 28. As per Friday, March 24, the company rating was maintained by Jefferies. RBC Capital Markets maintained the shares of BA in report on Thursday, April 28 with “Sector Perform” rating. The firm has “Sell” rating given on Friday, June 2 by RBC Capital Markets. Morgan Stanley initiated The Boeing Company (NYSE:BA) rating on Thursday, June 23. Morgan Stanley has “Overweight” rating and $153 target. RBC Capital Markets maintained The Boeing Company (NYSE:BA) rating on Friday, October 6. RBC Capital Markets has “Hold” rating and $235.0 target.

More notable recent The Boeing Company (NYSE:BA) news were published by: Chicagotribune.com which released: “Boeing, Brazil’s Embraer confirm talks over possible deal” on December 21, 2017, also Foxbusiness.com with their article: “NASA safety watchdogs raise concerns about SpaceX, Boeing spacecraft” published on January 12, 2018, Bloomberg.com published: “Boeing Seeks Embraer Control, With Defense Safeguards” on January 03, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Gurufocus.com and their article: “Lathrop Investment Management Corp Buys Acxiom Corp, Boeing Co, Verizon …” published on January 12, 2018 as well as Postandcourier.com‘s news article titled: “Analysts: Record year for Boeing 787 deliveries as South Carolina-made jet …” with publication date: January 08, 2018.

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