Published: Sun, April 29, 2018
Money | By Wilma Wheeler

Boeing Co (NYSE:BA) Institutional Investor Sentiment Trend

Boeing Co (NYSE:BA) Institutional Investor Sentiment Trend

The Boeing Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO & EVP, Ent Perf & Strategy Smith Gregory D has sold 36,079 shares of The Boeing Company (BA) in trading session dated February 08, 2018. The fund bought 15,825 shares of the aircraft producer's stock, valued at approximately $4,666,000.

Among 18 analysts covering Boeing (NYSE:BA), 14 have Buy rating, 0 Sell and 4 Hold. 65 investors sold all, 614 reduced holdings as BA ratio is negative.

Vetr lowered shares of Boeing (NYSE:BA) from a strong-buy rating to a buy rating in a research report released on Monday, April 16th.

Boeing Co shares rose $6.45 (+1.96%) in premarket trading Wednesday. Quadrant Capital Group LLC raised its position in shares of Boeing by 2.8% in the second quarter. Company insiders own 0.24% of the company's stock. Boeing Co's shareholder Levy Harkins & Co Inc owns 120,102 shares as of Q4 2017.

The company said it would raise production for the Boeing 767 plane from 2.5 to 3.0 per month due to strength in the cargo market as industrial demand picks up. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer's stock valued at $324,000 after purchasing an additional 12 shares during the period.

Oakmont Corp has 13.55% or 312,368 shares invest in The Boeing Company. Suntrust Banks Inc. now owns 109,641 shares of the aircraft producer's stock worth $21,679,000 after buying an additional 5,219 shares in the last quarter.

Several research analysts have commented on the stock. Wells Fargo reaffirmed a market perform rating and set a $365.00 target price (up from $330.00) on shares of Boeing in a report on Thursday, February 1st. The rating was maintained by Seaport Global on Wednesday, January 3 with "Buy". Morgan Stanley reaffirmed an "equal weight" rating and set a $373.00 target price (up from $340.00) on shares of Boeing in a research report on Friday, February 23rd. The company rating was maintained by Canaccord Genuity on Monday, January 8.

In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Capital World Investors, which manages about $461.25 billion US Long portfolio, upped its stake in Suntrust Banks Inc (NYSE:STI) by 1.25 million shares to 29.20M shares, valued at $1.89B in 2017Q4, according to the filing. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. 78% are bullish. With $470.0 highest and $203.0 lowest target Boeing has $386 average target or 14.66% above the current ($336.65) price. The company has market cap of $196.89 billion.

Boeing Co. (NYSE: BA) reported first-quarter 2018 results before markets opened Wednesday.

Boeing has reported first-quarter revenue of $23.4 billion, reflecting higher commercial deliveries, defence contract volume and services growth. The critical ratio of operating sales to costs improved by 2.3 percentage points to 12.3% compared with the first quarter of previous year. The firm's quarterly revenue was up 6.5% compared to the same quarter past year.

Boeing confirmed its full-year revenue forecast, but lifted full-year forecast earnings range from $13.80 to $14.00 per share to $14.30 to $14.50 per share, excluding pension costs.

Like this: