Newport Trust Co Opened Huge Boeing Co Position

February 14, 2018 - By Maria Brooks

 Newport Trust Co Opened Huge Boeing Co Position

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 The Boeing Company 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.

Financial Advisory Service reported 2,738 shares or 0.19% of all its holdings. Papp L Roy Assoc accumulated 0.22% or 4,011 shares. Silvercrest Asset Mgmt Group Inc Limited Com accumulated 136,734 shares or 0.35% of the stock. Keystone Fincl Planning Inc accumulated 6.04% or 41,923 shares. 10 holds 41,082 shares or 2.64% of its portfolio. S&Co Incorporated stated it has 0.04% of its portfolio in The Boeing Company (NYSE:BA). 677,614 are held by Great West Life Assurance Can. 304,349 were accumulated by Los Angeles Cap Mgmt Equity Inc. Cullinan Assocs holds 0.06% of its portfolio in The Boeing Company (NYSE:BA) for 3,040 shares. Baxter Bros has invested 1.19% in The Boeing Company (NYSE:BA). Gam Ag, a Switzerland-based fund reported 6,572 shares. Focused Wealth Mgmt, a New York-based fund reported 1,424 shares. Afam Cap reported 0.31% of its portfolio in The Boeing Company (NYSE:BA). Brown Advisory accumulated 0.03% or 36,080 shares. Utd Amer Securities (D B A Uas Asset Management) reported 1,200 shares.

The New Newport Trust Co Holding in Boeing Co

Newport Trust Co reported SC 13G form with the SEC for Boeing Co. Access it here: 000117266118000502. As reported by Newport Trust Co, the filler owns 5.71% or 34,014,796 shares of the Industrials–company.

Boeing Co stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Newport Trust Co’s positive view for Boeing Co.

Boeing Co Institutional Sentiment

Filings show 1220 investors own Boeing Co. The ownership in Q3 2015 is extremely high, at Infinity of the outstanding shares. This is increased by 12478069. 510226777 were owned by these investors. 94 funds opened new Boeing Co stakes, 518 increased positions. There were 74 that closed positions and 439 reduced them.

67 investors had the stock in their top 10. Some are: Abner Herrman & Brock Llc, American Beacon Advisors Inc., American International Group Inc, Cacti Asset Management Llc, Cambridge Financial Group Inc., Convergence Investment Partners Llc, Evercore Trust Company N.A., Fiduciary Financial Services Of The Southwest Inc Tx, Gotham Asset Management Llc, Keystone Financial Planning Inc…

Stuart Powers Hengistbury Investment Partners Llp is an investor bullish on Boeing Co, owning 377600 shares as of Q3 2015 for 22.69% of its portfolio. Evercore Trust Company owns 43296502 shares or 21.87% of its portfolio. X0 Ruffer Llp have 12.00% of its portfolio for 2141673 shares. Further, Valueworks Llc reported stake worth 5.68% of its portfolio. The PA Fort Pitt Capital Group Inc owns 253283 shares. Boeing Co is 4.46% of its portfolio.

Business Profile

The Boeing Company is an aerospace company. The Company’s segments include 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 Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry. The Commercial Airplanes segment also produces commercial aircraft and offers a family of commercial jetliners. The BDS segment’s operations involve research, development, production, modification and support of the products and related systems. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems. The BCC segment’s portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.

SEC Form 13G.

The stock decreased 0.19% or $0.64 during the last trading session, reaching $343.16. About 4.03 million shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has market cap of $202.69 billion. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. It has a 25.55 P/E ratio. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements; and provides related support services to the commercial airline industry.

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. $331.18’s average target is -3.49% below currents $343.16 stock price. Boeing had 103 analyst reports since August 26, 2015 according to SRatingsIntel. Berenberg initiated The Boeing Company (NYSE:BA) rating on Wednesday, March 29. Berenberg has “Buy” rating and $202 target. The rating was maintained by Cowen & Co with “Buy” on Wednesday, June 21. As per Monday, January 8, the company rating was maintained by Canaccord Genuity. The firm earned “Hold” rating on Friday, September 1 by RBC Capital Markets. The stock has “Hold” rating by Wells Fargo on Thursday, February 1. Wells Fargo downgraded the shares of BA in report on Friday, December 18 to “Market Perform” rating. The stock of The Boeing Company (NYSE:BA) earned “Neutral” rating by Buckingham Research on Thursday, February 8. The rating was maintained by Cowen & Co on Tuesday, June 13 with “Buy”. The firm earned “Hold” rating on Wednesday, July 26 by Canaccord Genuity. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Friday, April 28 by Credit Suisse.

More notable recent The Boeing Company (NYSE:BA) news were published by: Marketwatch.com which released: “Dow’s 500-point afternoon rally powered by Boeing and Apple’s stocks, shares …” on February 12, 2018, also Fool.com with their article: “5 Things Boeing Co.’s Management Wants You to Know” published on February 06, 2018, Investorplace.com published: “Boeing Co Stock Is Likely To Be Grounded for Refueling” on February 07, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Bizjournals.com and their article: “Boeing tops Airbus for January deliveries” published on February 13, 2018 as well as Investorplace.com‘s news article titled: “It’s Clear Skies Ahead for Dow Component Boeing Co” with publication date: February 13, 2018.

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