November 24, 2016 - By Richard Conner · 0 Comments
Boeing Co (NYSE:BA) institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.19, from 0.71 in 2016Q1. The ratio is more positive, as 432 investment professionals opened new and increased holdings, while 611 sold and decreased positions in Boeing Co. The investment professionals in our partner’s database now own: 456.77 million shares, down from 502.06 million shares in 2016Q1. Also, the number of investment professionals holding Boeing Co in their top 10 holdings decreased from 51 to 48 for a decrease of 3. Sold All: 88 Reduced: 523 Increased: 373 New Position: 59.
The Boeing Company is an aerospace firm. The company has a market cap of $93.99 billion. The Firm operates in five divisions: Commercial airplanes; Defense, Space & Security business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). It has a 22.78 P/E ratio. The Company’s Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
The stock increased 0.15% or $0.22 on November 23, hitting $149.74. About 3.07M shares traded hands. Boeing Co (NYSE:BA) has risen 14.26% since April 22, 2016 and is uptrending. It has outperformed by 8.85% the S&P500.
Analysts await Boeing Co (NYSE:BA) to report earnings on January, 25. They expect $2.32 EPS, up 45.00% or $0.72 from last year’s $1.6 per share. BA’s profit will be $1.46B for 16.14 P/E if the $2.32 EPS becomes a reality. After $3.51 actual EPS reported by Boeing Co for the previous quarter, Wall Street now forecasts -33.90% negative EPS growth.
According to Zacks Investment Research, “The Boeing Company is one of the world’s major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications.”
Evercore Trust Company N.A. holds 17.35% of its portfolio in Boeing Co for 41.79 million shares. Ruffer Llp owns 1.61 million shares or 9.45% of their US portfolio. Moreover, Levy Harkins & Co Inc has 7.95% invested in the company for 135,341 shares. The Missouri-based Plancorp Llc has invested 6.74% in the stock. Hengistbury Investment Partners Llp, a United Kingdom-based fund reported 248,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 7 selling transactions for $45.29 million net activity.
Ratings analysis reveals 50% of Boeing’s analysts are positive. Out of 14 Wall Street analysts rating Boeing, 7 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $125 while the high is $180. The stock’s average target of $152 is 1.51% above today’s ($149.74) share price. BA was included in 24 notes of analysts from August 26, 2015. The firm has “Sector Perform” rating given on Friday, February 12 by RBC Capital Markets. Morgan Stanley initiated the shares of BA in a report on Thursday, June 23 with “Overweight” rating. The rating was maintained by Argus Research with “Buy” on Thursday, April 28. The firm earned “Hold” rating on Monday, November 2 by Standpoint Research. Bank of America downgraded the stock to “Underperform” rating in Wednesday, April 20 report. The rating was maintained by RBC Capital Markets on Thursday, April 28 with “Sector Perform”. The stock of Boeing Co (NYSE:BA) has “Sector Perform” rating given on Thursday, September 3 by RBC Capital Markets. The rating was upgraded by Standpoint Research to “Buy” on Thursday, January 14. RBC Capital Markets maintained the shares of BA in a report on Thursday, January 28 with “Sector Perform” rating. The company was downgraded on Friday, December 18 by Wells Fargo.
The Boeing Company, incorporated on July 19, 1934, is an aerospace firm. The Firm operates in five divisions: Commercial airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Company’s unallocated activities are Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). The Company’s EO&T provides Boeing with technical and functional capabilities, which include information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management.
More notable recent Boeing Co (NYSE:BA) news were published by: Foxbusiness.com which released: “Boeing Co. Gets Serious About Services” on November 22, 2016, also Bloomberg.com with their article: “Boeing Vows to Enhance Cash Bounty Even If 777 Output Gets Cut” published on October 26, 2016, Bizjournals.com published: “Boeing names new commercial CEO” on November 21, 2016. More interesting news about Boeing Co (NYSE:BA) were released by: Latimes.com and their article: “Boeing will move 1600 Huntington Beach jobs to Los Angeles County” published on November 15, 2016 as well as Fool.com‘s news article titled: “5 Things Boeing Co. Management Wants You to Know” with publication date: November 01, 2016.
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By Richard Conner