Community Trust & Investment Co Has Lowered Position in Boeing Co (BA) by $4.28 Million

March 19, 2018 - By Henry Gaston

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. Quantitative Systematic Strategies Limited Liability Company stated it has 0.72% in The Boeing Company (NYSE:BA). Moreover, Savant Ltd Liability Co has 0.43% invested in The Boeing Company (NYSE:BA). Chilton Capital Lc has 0.02% invested in The Boeing Company (NYSE:BA). Palisades Hudson Asset Lp reported 0.65% of its portfolio in The Boeing Company (NYSE:BA). Suffolk Mngmt Limited Liability Corp accumulated 53,163 shares. Edmp reported 821 shares. King Luther Cap Mngmt Corporation has invested 0.04% in The Boeing Company (NYSE:BA). Auxier Asset Mngmt owns 12,472 shares for 0.64% of their portfolio. Wade G W And Inc owns 65,924 shares or 2.03% of their US portfolio. Fjarde Ap accumulated 138,050 shares or 0.67% of the stock. Boyd Watterson Asset Mgmt Limited Liability Corporation Oh invested in 14,015 shares or 1.76% of the stock. Rockland Co holds 1,380 shares or 0.05% of its portfolio. Moreover, Department Mb Bank N A has 0.25% invested in The Boeing Company (NYSE:BA). Ruggie Cap Group holds 0.04% or 242 shares in its portfolio. 13,211 were accumulated by First Manhattan.

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

Community Trust & Investment Co decreased its stake in Boeing Co (BA) by 16.44% based on its latest 2017Q3 regulatory filing with the SEC. Community Trust & Investment Co sold 16,851 shares as the company’s stock rose 4.66% with the market. The institutional investor held 85,641 shares of the aerospace company at the end of 2017Q3, valued at $21.77 million, down from 102,492 at the end of the previous reported quarter. Community Trust & Investment Co who had been investing in Boeing Co for a number of months, seems to be less bullish one the $194.48 billion 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 60.82% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since March 19, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Community Trust & Investment Co, which manages about $931.42 million US Long portfolio, upped its stake in Lowes Cos Inc (NYSE:LOW) by 64,015 shares to 212,853 shares, valued at $17.02 million in 2017Q3, according to the filing. It also increased its holding in Invesco Limited (NYSE:IVZ) by 222,623 shares in the quarter, for a total of 477,469 shares, and has risen its stake in Pioneer Natural Resources Co (NYSE:PXD).

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 rating was maintained by Canaccord Genuity on Wednesday, October 18 with “Hold”. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Wednesday, November 15 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, October 22 with “Sector Perform”. The stock of The Boeing Company (NYSE:BA) has “Outperform” rating given on Thursday, July 27 by Credit Suisse. The stock has “Buy” rating by Deutsche Bank on Thursday, September 14. UBS maintained it with “Neutral” rating and $253 target in Friday, August 4 report. The rating was maintained by Jefferies with “Buy” on Monday, August 28. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, March 13. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 24. The stock has “Buy” rating by J.P. Morgan on Friday, July 14.

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