Conning INC Has Trimmed Boeing Co (BA) Position by $14.42 Million; Stock Price Rose

March 17, 2018 - By reb123z

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It is negative, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Fuller And Thaler Asset Mngmt holds 3,300 shares or 0.01% of its portfolio. Smithfield Trust reported 0.17% in The Boeing Company (NYSE:BA). Hills Comml Bank & stated it has 0.19% of its portfolio in The Boeing Company (NYSE:BA). Moreover, Pillar Pacific Mngmt Ltd Liability has 1.83% invested in The Boeing Company (NYSE:BA). Bahl And Gaynor reported 0.01% stake. Intll Group invested in 3.42 million shares. Scott & Selber has invested 1.99% in The Boeing Company (NYSE:BA). State Of Tennessee Treasury Department has 0.56% invested in The Boeing Company (NYSE:BA) for 437,354 shares. Caisse De Depot Et Placement Du Quebec has invested 0.17% in The Boeing Company (NYSE:BA). Pictet Cie (Europe) owns 7,344 shares for 0.27% of their portfolio. Dubuque Bancorp And Tru Co accumulated 25,820 shares. Mathes Inc has 25,501 shares. Lsv Asset Mngmt has 2.63 million shares. 1,739 are held by Parametrica. Segment Wealth Lc reported 0.51% stake.

Since February 8, 2018, it had 0 insider purchases, and 1 insider sale for $12.17 million activity.

Conning Inc decreased its stake in Boeing Co (BA) by 30.55% based on its latest 2017Q3 regulatory filing with the SEC. Conning Inc sold 56,770 shares as the company’s stock rose 4.66% with the market. The institutional investor held 129,030 shares of the aerospace company at the end of 2017Q3, valued at $32.80M, down from 185,800 at the end of the previous reported quarter. Conning Inc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $194.48B market cap company. The stock increased 0.15% or $0.49 during the last trading session, reaching $330.47. About 9.33M shares traded or 62.15% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since March 17, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Conning Inc, which manages about $80.03 billion and $2.94B US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 101,483 shares to 719,378 shares, valued at $37.29M in 2017Q3, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 125,909 shares in the quarter, for a total of 697,227 shares, and has risen its stake in Omnicom Group Inc (NYSE:OMC).

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25. They expect $2.66 EPS, up 32.34 % or $0.65 from last year’s $2.01 per share. BA’s profit will be $1.57B for 31.06 P/E if the $2.66 EPS becomes a reality. After $4.80 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -44.58 % negative EPS growth.

The Boeing Company (NYSE:BA) Ratings Coverage

Among 25 analysts covering Boeing (NYSE:BA), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. Boeing has $470.0 highest and $125 lowest target. $335.18’s average target is 1.43% above currents $330.47 stock price. Boeing had 104 analyst reports since August 26, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 24 by Morgan Stanley. The rating was maintained by Cowen & Co with “Buy” on Wednesday, June 21. Buckingham Research maintained The Boeing Company (NYSE:BA) on Friday, December 22 with “Hold” rating. As per Thursday, January 14, the company rating was upgraded by Standpoint Research. The stock has “Hold” rating by RBC Capital Markets on Wednesday, January 31. The rating was maintained by Bank of America with “Buy” on Tuesday, December 12. Credit Suisse upgraded the shares of BA in report on Thursday, July 27 to “Outperform” rating. Wells Fargo maintained it with “Hold” rating and $290.0 target in Tuesday, December 12 report. Morgan Stanley downgraded the shares of BA in report on Monday, March 13 to “Equal-Weight” rating. Buckingham Research downgraded The Boeing Company (NYSE:BA) on Monday, February 13 to “Underperform” rating.

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