Boeing (NYSE:BA) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Apr 09, 2018, 01:31
Boeing (NYSE:BA) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

According to 2017Q4 Securities and Exchange filling the Old Mutual Global Investors Uk Ltd increased its stake in Boeing Co (BA) by 8.93%. Sumitomo Mitsui Trust Holdings Inc. owned about 0.32% of Boeing worth $569,037,000 at the end of the most recent reporting period. The institutional investor held 30,882 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $4.32M, up from 28,437 at the end of the previous reported quarter.

Fifth Third Bancorp, which manages about $14.70 billion US Long portfolio, decreased its stake in Ishares Tr (KXI) by 7,173 shares to 5,727 shares, valued at $607,000 in 2017Q4, according to the filing. Burt Wealth Advisors acquired a new stake in shares of Boeing in the third quarter valued at about $100,000. Old West Investment Management LLC bought a new position in Boeing during the 2nd quarter valued at $254,000. Harbour Capital Advisors LLC raised its position in Boeing by 3.8% in the fourth quarter. Finally, Suntrust Banks Inc. boosted its stake in Boeing by 5.0% during the 2nd quarter.

Several equities analysts have weighed in on the stock. In Thursday, February 1 report Bank of America maintained the stock with "Buy" rating. Royal Bank of Canada restated a "hold" rating and issued a $358.00 price target (down previously from $378.00) on shares of Boeing in a research note on Friday. Societe Generale set a $148.00 price target on shares of Boeing and gave the company a "neutral" rating in a report on Friday, October 28th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $365.19. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corporation holds 0.31% of its portfolio in The Boeing Company (NYSE:BA) for 121,400 shares. Donaldson Capital Management Llc who had been investing in Boeing for a number of months, seems to be less bullish one the $191.51 billion market cap company.

While Boeing Co (NYSE:BA) stock recovered most of its losses Wednesday, it has slumped 5% over the past month on fears that China could target Boeing with retaliatory tariffs.

Boeing Co (NYSE:BA) shares fell -1.02% to finally closed at $327.44 in last active session. The aircraft producer reported $3.51 EPS for the quarter, topping the consensus estimate of $2.62 by $0.89. Boeing had a return on equity of 126.01% and a net margin of 4.52%. The business's revenue was up 8.9% compared to the same quarter a year ago. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.

The $12 billion deal follows Hawaiian Airlines' decision to go with Boeing over Airbus as well. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. On Wednesday, November 15 the rating was maintained by RBC Capital Markets with "Hold".

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.