Sumitomo Mitsui Trust Holdings Inc. Has $569.04 Million Stake in Boeing (BA)

Randal Sanchez
April 9, 2018

Also, the number of funds holding Boeing Co in their top 10 holdings increased from 122 to 126 for an increase of 4. Reilly Financial Advisors LLC now owns 1,034 shares of the aircraft producer's stock valued at $136,000 after buying an additional 193 shares in the last quarter. Suntrust Banks Inc. now owns 109,641 shares of the aircraft producer's stock valued at $21,679,000 after acquiring an additional 5,219 shares during the last quarter. Allegis Investment Advisors LLC raised its holdings in Boeing by 27.8% in the 4th quarter. Wesbanco National Bank Incorporated owns 74,002 shares or 1.48% of their United States portfolio. The Boeing Company (NYSE:BA) has risen 82.35% since April 8, 2017 and is uptrending.

Boeing Co (NYSE:BA) institutional sentiment decreased to 0.79 in 2017 Q4. On Thursday, April 27 the stock rating was maintained by RBC Capital Markets with "Underperform".

American will be the largest operator of the 787 in the western hemisphere, with 89 aircraft, if it takes all of the Dreamliners it has on order, according to Boeing. The aircraft producer reported $3.51 EPS for the quarter, topping the consensus estimate of $2.62 by $0.89.

Boeing Co (NYSE:BA) yearly performance is 85.36% and net profit margin is 8.80%. Boeing's quarterly revenue was up 8.9% on a year-over-year basis.

Boeing Co (NYSE:BA) shares fell -1.02% to finally closed at $327.44 in last active session. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases.

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On 7/31/2017 Gregory D Smith, CFO, sold 19,757 with an average share price of $245.42 per share and the total transaction amounting to $4,848,762.94. "This new order is a powerful endorsement of the 787 family's unique passenger appeal and unmatched ability to help airlines open new routes and grow profitably", said Boeing Commercial Airplanes President and CEO Kevin McAllister. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several equities analysts have weighed in on the stock. Credit Suisse maintained The Boeing Company (NYSE:BA) on Thursday, February 1 with "Buy" rating. On Monday, October 23 the rating was maintained by Jefferies with "Buy". On Friday, February 23 Morgan Stanley maintained the shares of BA in report with "Equal-Weight" rating. Finally, Royal Bank of Canada set a $363.00 target price on shares of Boeing and gave the stock a "neutral" rating in a report on Wednesday, January 31st.

The same media also reported that 12 out of 25 surveyed investment analysts had rated Boeing Company's stock as "Buy", while 10 - as "Hold". Berenberg maintained it with "Buy" rating and $415.0 target in Monday, February 5 report.

WARNING: This news story was first reported by Enterprise Leader and is the property of of Enterprise Leader. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation. Van Hulzen Asset Management LLC boosted its stake in Boeing by 11.1% in the second quarter.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.

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