Washington Trust Company Trimmed Its Stake in Boeing Co (BA) as Market Value Declined

July 13, 2018 - By Elizabeth Jones

The Boeing Company (NYSE:BA) LogoInvestors sentiment decreased to 0.66 in Q1 2018. Its down 0.13, from 0.79 in 2017Q4. It turned negative, as 60 investors sold BA shares while 691 reduced holdings. 128 funds opened positions while 368 raised stakes. 360.90 million shares or 3.37% less from 373.50 million shares in 2017Q4 were reported. Moreover, Ubs Asset Mgmt Americas has 0% invested in The Boeing Company (NYSE:BA). Vestor Limited Liability Corp holds 1.09% or 16,015 shares in its portfolio. Iowa Fincl Bank invested in 0.47% or 2,967 shares. Architects invested 0.26% of its portfolio in The Boeing Company (NYSE:BA). Colonial Tru Advsrs holds 0.22% in The Boeing Company (NYSE:BA) or 3,276 shares. Burt Wealth Advisors holds 0.04% of its portfolio in The Boeing Company (NYSE:BA) for 219 shares. Blair William Il accumulated 0.36% or 156,252 shares. Moreover, Spears Abacus Advsrs Lc has 0.1% invested in The Boeing Company (NYSE:BA). Reik & Communication Ltd reported 0.32% in The Boeing Company (NYSE:BA). British Columbia Invest Management owns 259,331 shares. Metropolitan Life Insurance Ny invested in 110,332 shares. Bp Public Ltd Liability invested 0.73% of its portfolio in The Boeing Company (NYSE:BA). Parsons Mgmt Ri stated it has 0.89% of its portfolio in The Boeing Company (NYSE:BA). Comerica Comml Bank holds 172,564 shares. Yhb Advsrs owns 2,246 shares for 0.12% of their portfolio.

Since February 8, 2018, it had 0 insider purchases, and 6 sales for $18.83 million activity. $3.10 million worth of stock was sold by LUTTIG J MICHAEL on Wednesday, May 9. CAPOZZI HEIDI B also sold $373,379 worth of The Boeing Company (NYSE:BA) shares. Hyslop Gregory L also sold $762,543 worth of The Boeing Company (NYSE:BA) on Monday, May 7. 4,500 shares were sold by Sands Diana L, worth $1.48 million on Friday, May 4. Another trade for 2,840 shares valued at $948,261 was made by Verbeck Robert E on Friday, May 4.

Washington Trust Company decreased its stake in Boeing Co (BA) by 8.44% based on its latest 2018Q1 regulatory filing with the SEC. Washington Trust Company sold 11,322 shares as the company’s stock declined 0.93% with the market. The institutional investor held 122,864 shares of the aerospace company at the end of 2018Q1, valued at $40.29M, down from 134,186 at the end of the previous reported quarter. Washington Trust Company who had been investing in Boeing Co for a number of months, seems to be less bullish one the $204.47B market cap company. The stock increased 1.43% or $4.95 during the last trading session, reaching $350.98. About 1.64 million shares traded. The Boeing Company (NYSE:BA) has risen 92.49% since July 13, 2017 and is uptrending. It has outperformed by 79.92% the S&P500.

Analysts await The Boeing Company (NYSE:BA) to report earnings on July, 25 before the open. They expect $3.41 EPS, up 33.73 % or $0.86 from last year’s $2.55 per share. BA’s profit will be $1.99 billion for 25.73 P/E if the $3.41 EPS becomes a reality. After $3.64 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -6.32 % negative EPS growth.

More notable recent The Boeing Company (NYSE:BA) news were published by: Streetinsider.com which released: “Boeing (BA) to Recognize Earnings Charge on Write-Off of $124M” on July 13, 2018, also Benzinga.com with their article: “Big Banks Deliver Mixed Results, But JP Morgan Stands Out With Strong Quarter” published on July 13, 2018, Seekingalpha.com published: “Boeing To $400, Buy The Dip” on June 26, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Seekingalpha.com and their article: “Upward Trajectory For Boeing Deliveries” published on July 13, 2018 as well as Seekingalpha.com‘s news article titled: “Report: Boeing, Embraer close to final agreement” with publication date: July 02, 2018.

The Boeing Company (NYSE:BA) Ratings Coverage

Among 18 analysts covering Boeing (NYSE:BA), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Boeing had 32 analyst reports since January 16, 2018 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, January 31 report. Jefferies maintained The Boeing Company (NYSE:BA) on Sunday, February 4 with “Buy” rating. Canaccord Genuity maintained The Boeing Company (NYSE:BA) on Wednesday, April 25 with “Hold” rating. The company was upgraded on Thursday, April 26 by Societe Generale. Buckingham Research maintained the stock with “Neutral” rating in Thursday, February 8 report. Barclays Capital maintained it with “Overweight” rating and $400 target in Friday, April 27 report. Robert W. Baird maintained The Boeing Company (NYSE:BA) on Wednesday, April 4 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Thursday, April 26 report. The company was maintained on Tuesday, June 26 by Wells Fargo. Morgan Stanley maintained The Boeing Company (NYSE:BA) on Friday, February 23 with “Equal-Weight” rating.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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