Smith Asset Management Group LP Has Lifted Its Boeing Co (BA) Holding by $69.25 Million as Stock Price Rose

January 15, 2018 - By Linda Rogers

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It turned 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. Symphony Asset Ltd Liability Com, California-based fund reported 26,187 shares. Boyd Watterson Asset Management Ltd Llc Oh has 14,015 shares for 1.76% of their portfolio. Int Gru invested 3.07% in The Boeing Company (NYSE:BA). Two Sigma Ltd Company, New York-based fund reported 3,642 shares. Enterprise Services Corporation accumulated 1,747 shares or 0.22% of the stock. Carroll Financial Associate Inc accumulated 0.08% or 2,745 shares. Amer Investment holds 1.7% or 17,500 shares in its portfolio. Liberty Mutual Gp Asset owns 25,044 shares for 0.35% of their portfolio. Godshalk Welsh Mgmt invested in 0.5% or 1,970 shares. Dekabank Deutsche Girozentrale has invested 0.31% in The Boeing Company (NYSE:BA). Cwm Ltd holds 0.02% or 1,624 shares. Sky Inv Gru Ltd Liability Corporation has invested 0.19% of its portfolio in The Boeing Company (NYSE:BA). Arrowstreet Cap Ltd Partnership stated it has 1.34% of its portfolio in The Boeing Company (NYSE:BA). Northwest Invest Counselors Limited Liability Co has 0.12% invested in The Boeing Company (NYSE:BA) for 1,082 shares. Independent Inc reported 3.55% in The Boeing Company (NYSE:BA).

Since July 31, 2017, it had 0 buys, and 5 insider sales for $20.35 million activity. Shares for $616,499 were sold by Verbeck Robert E on Monday, July 31. Muilenburg Dennis A sold $13.84 million worth of The Boeing Company (NYSE:BA) on Monday, July 31. The insider CAPOZZI HEIDI B sold $1.02M. $32,321 worth of The Boeing Company (NYSE:BA) shares were sold by Downey Thomas J.

Smith Asset Management Group Lp increased its stake in Boeing Co (BA) by 545.64% based on its latest 2017Q3 regulatory filing with the SEC. Smith Asset Management Group Lp bought 272,655 shares as the company’s stock rose 4.66% with the market. The hedge fund held 322,625 shares of the aerospace company at the end of 2017Q3, valued at $82.02M, up from 49,970 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Boeing Co for a number of months, seems to be bullish on the $200.24 billion market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56M shares traded or 96.62% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 15, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Smith Asset Management Group Lp, which manages about $2.91B and $2.99 billion US Long portfolio, decreased its stake in Vantiv Inc (NYSE:VNTV) by 106,720 shares to 436,340 shares, valued at $30.75 million in 2017Q3, according to the filing. It also reduced its holding in Coca (NYSE:KO) by 85,740 shares in the quarter, leaving it with 365,830 shares, and cut its stake in Sysco Corp (NYSE:SYY).

More notable recent The Boeing Company (NYSE:BA) news were published by: Bloomberg.com which released: “Airbus Outsold Boeing in 2017 Aided by Largest-Ever Order” on January 15, 2018, also Bizjournals.com with their article: “Boeing’s sizzling 2017 grows backlog to nearly 6000 airplanes” published on January 09, 2018, Bizjournals.com published: “Boeing investing millions for San Antonio facility upgrade” on December 20, 2017. More interesting news about The Boeing Company (NYSE:BA) were released by: Finance.Yahoo.com and their article: “Boeing Co Shares May Tank After Trade Spat, But Don’t Sweat the Stumble” published on December 20, 2017 as well as Fool.com‘s news article titled: “Boeing Co.’s Aircraft Orders Soared in 2017” with publication date: January 14, 2018.

The Boeing Company (NYSE:BA) Ratings Coverage

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing has $430.0 highest and $125 lowest target. $274.55’s average target is -18.34% below currents $336.21 stock price. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. On Monday, March 13 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report. As per Tuesday, October 24, the company rating was maintained by Credit Suisse. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Tuesday, December 12 by Bank of America. The firm has “Hold” rating given on Friday, July 7 by Canaccord Genuity. RBC Capital Markets maintained The Boeing Company (NYSE:BA) rating on Friday, June 2. RBC Capital Markets has “Sell” rating and $14600 target. RBC Capital Markets maintained it with “Sector Perform” rating and $132 target in Thursday, April 28 report. Jefferies maintained the shares of BA in report on Tuesday, May 30 with “Buy” rating. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Thursday, October 26 by Canaccord Genuity. The stock of The Boeing Company (NYSE:BA) earned “Overweight” rating by Barclays Capital on Thursday, October 6.

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