Boeing Co (NYSE:BA) Institutional Investor Sentiment Trend

Ivan Schwartz
April 26, 2018

Goldman Sachs' price target indicates a potential upside of 0.65% from the company's current price.

While the earnings season remained in full swing, the tone was generally negative, with several bellwether stocks slumping despite posting numbers that were ahead of analyst forecasts.

The company also increased its 2018 core earnings per share forecast to $14.30-14.50 from its previous projection of $13.80-$14.00. Boeing is the nation's largest exporter. The company rating was maintained by Canaccord Genuity on Thursday, April 19. Therefore 78% are positive. On Wednesday, January 17 the stock of The Boeing Company (NYSE:BA) has "Buy" rating given by Seaport Global.

Among 25 analysts covering Boeing (NYSE:BA), 18 have Buy rating, 1 Sell and 6 Hold. Morgan Stanley reaffirmed an "equal weight" rating and issued a $373.00 target price (up from $340.00) on shares of Boeing in a research report on Friday, February 23rd.

Shaers of The Boeing Company (NYSE:BA) have been recommended as a long term growth pick. If a trader wishes to see a 50-day average instead, the same type of calculation would be made, but it would include the prices over the past 50 days and the same process goes on for 200 days.

Based on a recent bid, this stock (ING) was trading at a distance of -14.48% from 52-week high and 8.68% away from its 52-week low price. The stock has "Hold" rating by Cowen & Co on Wednesday, August 16.

Boeing's defense segment also gained ground, winning an initial contract from Kuwait for 28 F/A-18 fighter jets among other global deals. Stock traders acquired 3,818 call options on the stock. About 7.05M shares traded or 20.88% up from the average.

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The selling pressure came after the 10-year Treasury yield briefly touched the psychologically important 3% level for the first time in four years, a move that comes as first-quarter earnings season was failing to excite shareholders, despite some strong results.

Adjusted earnings rose to US$3.64, handily beating the US$2.58 average of estimates compiled by Bloomberg. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $22.22 billion. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%.

Boeing Capital revenue of $65 million compared to $92 million a year earlier. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer's stock valued at $1,747,218,000 after buying an additional 1,160,859 shares in the last quarter. Analysts predict that Boeing Company will post $9.39 EPS for the current fiscal year. Truepoint Inc stated it has 1,276 shares.

In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred on Thursday, February 8th. Richard C Young owns 40,959 shares for 2.28% of their portfolio. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy John Keating sold 32,500 shares of the business's stock in a transaction dated Friday, May 5th.

"The wall of cash that the company is generating makes it hard to be absent from the stock".

A number of large investors have recently modified their holdings of the stock. Harbour Capital Advisors LLC grew its holdings in shares of Boeing by 3.8% during the fourth quarter. The aircraft producer reported $4.80 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.91 by $1.89. The Iowa-based United Fire Group Inc has invested 7.22% in the stock. Stonehearth Capital Management LLC bought a new position in Boeing in the fourth quarter valued at $105,000.

Oakmont Corp has 13.55% or 312,368 shares invest in The Boeing Company. 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. Cypress Funds Llc has invested 7.49% in the company for 147,000 shares.

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