0.79 is Boeing Co's (NYSE:BA) Institutional Investor Sentiment

Gladys Abbott
April 26, 2018

But crushing consensus estimates, "by such a large amount also raises the risk that Boeing's guidance will be increasingly ignored". They issued a "buy" rating and a $202.00 price objective for the company. The institutional investor held 25.73 million shares of the aerospace company at the end of 2017Q4, valued at $7.59 billion, down from 30.50 million at the end of the previous reported quarter.

Jim Corridore, an analyst for CFRA Research, said tariffs are unlikely to hurt Boeing much because "China has a huge need for aircraft which can not be filled by other manufacturers". On Monday, January 8 Canaccord Genuity maintained The Boeing Company (NYSE:BA) rating. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The avg target $386 is 14.66% above the last ($336.65) price.

BA reached $336.65 during the last trading session after $7.59 change.Currently The Boeing Company is uptrending after 82.35% change in last April 25, 2017. The stock has a 50 day moving average of $186.13 and a 200-day moving average of $172.90. The firm has $470.0 highest while $203.0 is the lowest PT. The stock rating was maintained by RBC Capital Markets with "Hold" on Wednesday, January 31.

Earnings in Boeing's defence division were lifted by strong weapons volume.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st.

Adjusted earnings rose to US$3.64, handily beating the US$2.58 average of estimates compiled by Bloomberg.

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Revenues rose 6.5% to $23.4 billion. Boeing raised its forecast for operating margin from more than 11% to about 11.5% for its commercial plane sales. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer's stock valued at $1,747,218,000 after purchasing an additional 1,160,859 shares during the last quarter. For the full year, current estimates call for EPS of $14.11 and revenues of $97.27 billion. The firm has "Buy" rating by Jefferies given on Friday, September 22. Truepoint Inc stated it has 1,276 shares. The ex-dividend date was Wednesday, May 10th. The 10-year yield subsequently pulled back to trade at 2.979%.

In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred on Thursday, February 8th. Exxonmobil Inv Mngmt Tx owns 89,018 shares. Following the sale, the senior vice president now owns 107,437 shares in the company, valued at approximately $19,823,200.87. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. Security Bank & Trust Of So Dak accumulated 901 shares or 0.29% of the stock.

A number of large investors have recently modified their holdings of the stock.

Keeler Thomas Management LLC bought a new stake in shares of Boeing (NYSE:BA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.

Boeing sold a record 763 aircraft last year and has already announced a 9 per cent rise in commercial deliveries in the first three months of the year. Levy Harkins & Co Inc owns 120,102 shares or 10.97% of their United States portfolio. Credit Suisse Group set a $443.00 price objective on shares of Boeing and gave the stock an "outperform" rating in a report on Thursday, February 1st. Solaris Asset Management LLC acquired a new position in Boeing during the fourth quarter worth $111,000.

At Q1/18 end, Boeing Capital's net portfolio balance of $2.9 billion was down from $4.0 billion at the end of Q1/17. Finally, Sowell Financial Services LLC raised its stake in shares of Boeing Company (The) by 4.0% in the first quarter. Korea Investment CORP now owns 429,080 shares of the aircraft producer's stock valued at $109,076,000 after buying an additional 77,200 shares during the last quarter. Institutional investors and hedge funds own 70.78% of the company's stock.

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