Boeing Co (BA) Shareholder Avalon Advisors LLC Has Trimmed Its Stake by $9.46 Million

May 18, 2018 - By Joseph Arnett

The Boeing Company (NYSE:BA) LogoInvestors sentiment decreased to 0.79 in Q4 2017. Its down 0.02, from 0.81 in 2017Q3. It worsened, as 65 investors sold BA shares while 614 reduced holdings. 148 funds opened positions while 391 raised stakes. 373.50 million shares or 9.30% less from 411.79 million shares in 2017Q3 were reported. 26,161 are owned by Hodges Mngmt. Dana Invest Advsr Inc reported 92,169 shares. Colorado-based Shine Advisory Ser has invested 0.15% in The Boeing Company (NYSE:BA). Intersect Limited Com has 9,842 shares for 1.57% of their portfolio. Glovista Invests Limited Com owns 900 shares. Whalerock Point Ptnrs Limited Company reported 0.65% in The Boeing Company (NYSE:BA). Davenport Comm Ltd Liability Corp has 189,035 shares for 0.67% of their portfolio. Sabal Trust stated it has 3.25% of its portfolio in The Boeing Company (NYSE:BA). Bollard Gp Limited Liability Company accumulated 130,064 shares. 17,427 are owned by Aull And Monroe Management. Crawford Inv Counsel reported 20,499 shares. Hirtle Callaghan Co Llc reported 8,100 shares. The Alabama-based Warren Averett Asset Ltd Company has invested 0.07% in The Boeing Company (NYSE:BA). Eads & Heald Inv Counsel holds 7,750 shares or 1.35% of its portfolio. Moreover, Marble Harbor Inv Counsel Ltd has 0.29% invested in The Boeing Company (NYSE:BA) for 5,110 shares.

Since February 8, 2018, it had 0 buys, and 6 sales for $18.83 million activity. The insider CAPOZZI HEIDI B sold 1,132 shares worth $373,379. Hyslop Gregory L sold $762,543 worth of stock or 2,241 shares. Sands Diana L sold $1.48 million worth of stock. LUTTIG J MICHAEL had sold 9,000 shares worth $3.10M. $948,261 worth of The Boeing Company (NYSE:BA) shares were sold by Verbeck Robert E.

Avalon Advisors Llc decreased its stake in Boeing Co (BA) by 14.94% based on its latest 2017Q4 regulatory filing with the SEC. Avalon Advisors Llc sold 32,175 shares as the company’s stock rose 8.82% while stock markets declined. The hedge fund held 183,233 shares of the aerospace company at the end of 2017Q4, valued at $54.04M, down from 215,408 at the end of the previous reported quarter. Avalon Advisors Llc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $202.09B market cap company. The stock increased 0.93% or $3.17 during the last trading session, reaching $344.14. About 2.48 million shares traded. The Boeing Company (NYSE:BA) has risen 82.35% since May 18, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Avalon Advisors Llc, which manages about $4.06B and $3.26B US Long portfolio, upped its stake in Lilly Eli & Co (NYSE:LLY) by 42,989 shares to 287,631 shares, valued at $24.29 million in 2017Q4, according to the filing. It also increased its holding in Pfizer Inc (NYSE:PFE) by 308,509 shares in the quarter, for a total of 1.85 million shares, and has risen its stake in Pvh Corp (NYSE:PVH).

Analysts await The Boeing Company (NYSE:BA) to report earnings on July, 25. They expect $3.44 earnings per share, up 34.90 % or $0.89 from last year’s $2.55 per share. BA’s profit will be $2.02 billion for 25.01 P/E if the $3.44 EPS becomes a reality. After $3.64 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts -5.49 % negative EPS growth.

More notable recent The Boeing Company (NYSE:BA) news were published by: Seekingalpha.com which released: “Boeing Anticipated Iran Agreement Going Bust” on May 09, 2018, also Seekingalpha.com with their article: “Boeing Crushes It” published on April 25, 2018, Streetinsider.com published: “Boeing (BA) Sees Modest Gains on Expected ‘Huge’ Order from Dubai Aerospace” on May 17, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Seekingalpha.com and their article: “Boeing And Iran: The Pain” published on May 09, 2018 as well as 247Wallst.com‘s news article titled: “Will Earnings Make Boeing King of the Dow Again?” with publication date: April 24, 2018.

The Boeing Company (NYSE:BA) Ratings Coverage

Among 20 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Boeing had 37 analyst reports since December 1, 2017 according to SRatingsIntel. Morgan Stanley maintained The Boeing Company (NYSE:BA) on Friday, February 23 with “Equal-Weight” rating. The stock has “Buy” rating by Melius Research on Monday, January 8. The rating was maintained by Tigress Financial with “Buy” on Friday, February 2. The rating was upgraded by Societe Generale on Thursday, April 26 to “Buy”. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, April 16. RBC Capital Markets maintained The Boeing Company (NYSE:BA) rating on Friday, April 6. RBC Capital Markets has “Hold” rating and $35800 target. The company was maintained on Thursday, February 1 by Credit Suisse. The firm earned “Outperform” rating on Thursday, April 26 by Credit Suisse. Barclays Capital maintained the shares of BA in report on Friday, April 27 with “Overweight” rating. The rating was maintained by Seaport Global with “Buy” on Wednesday, January 17.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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