Metropolitan Life Insurance Company Has Decreased Its Holding in Boeing (BA) by $143.60 Million as Stock Declined

October 11, 2018 - By olga

The Boeing Company (NYSE:BA) LogoInvestors sentiment increased to 0.88 in Q2 2018. Its up 0.22, from 0.66 in 2018Q1. It is positive, as 38 investors sold BA shares while 606 reduced holdings. 121 funds opened positions while 445 raised stakes. 353.55 million shares or 2.04% less from 360.90 million shares in 2018Q1 were reported. Accuvest Glob Advsrs holds 0.16% or 1,200 shares. Pointstate LP invested in 1.38% or 363,862 shares. Virtu Lc accumulated 0.1% or 1,850 shares. Ativo Ltd Liability stated it has 4,627 shares. Kanawha Cap Mngmt Limited Liability Corp, a Virginia-based fund reported 692 shares. Meridian Investment Counsel holds 0.35% or 1,873 shares in its portfolio. Arete Wealth Advisors Ltd Co holds 2,706 shares. Macquarie owns 124,102 shares. Blume invested in 0.02% or 100 shares. Fagan Assoc, New York-based fund reported 2,078 shares. Mark Sheptoff Financial Planning Llc reported 0.2% in The Boeing Company (NYSE:BA). Japan-based Sumitomo Life has invested 0.8% in The Boeing Company (NYSE:BA). Envestnet Asset Mngmt holds 0.02% or 22,923 shares in its portfolio. Harvest Management holds 1,565 shares. Godshalk Welsh Capital Mngmt Incorporated has 0.64% invested in The Boeing Company (NYSE:BA).

Since May 3, 2018, it had 0 insider buys, and 5 selling transactions for $6.66 million activity. CAPOZZI HEIDI B also sold $373,379 worth of The Boeing Company (NYSE:BA) shares. The insider Sands Diana L sold 4,500 shares worth $1.48 million. Hyslop Gregory L sold $762,543 worth of stock. LUTTIG J MICHAEL sold $3.10M worth of stock or 9,000 shares.

Metropolitan Life Insurance Company decreased its stake in Boeing (BA) by 0.39% based on its latest 2018Q2 regulatory filing with the SEC. Metropolitan Life Insurance Company sold 428 shares as the company’s stock declined 2.87% while stock markets rallied. The institutional investor held 109,904 shares of the aerospace company at the end of 2018Q2, valued at $36.87B, down from 110,332 at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Boeing for a number of months, seems to be less bullish one the $210.68B market cap company. The stock decreased 0.20% or $0.751 during the last trading session, reaching $366.719. About 1.18M shares traded. The Boeing Company (NYSE:BA) has risen 46.90% since October 11, 2017 and is uptrending. It has outperformed by 31.28% the S&P500.

Metropolitan Life Insurance Company, which manages about $14.10B and $6171.51 billion US Long portfolio, upped its stake in Lancaster Colony Corp (NASDAQ:LANC) by 472 shares to 11,180 shares, valued at $1.55B in 2018Q2, according to the filing. It also increased its holding in Varian Medical Systems Inc (NYSE:VAR) by 131 shares in the quarter, for a total of 18,452 shares, and has risen its stake in Pnm Resources Inc (NYSE:PNM).

Analysts await The Boeing Company (NYSE:BA) to report earnings on October, 24. They expect $3.65 earnings per share, up 34.19 % or $0.93 from last year’s $2.72 per share. BA’s profit will be $2.10B for 25.12 P/E if the $3.65 EPS becomes a reality. After $3.33 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts 9.61 % EPS growth.

More notable recent The Boeing Company (NYSE:BA) news were published by: Seekingalpha.com which released: “Customer Of Boeing And Airbus Goes Bankrupt” on October 02, 2018, also 247Wallst.com with their article: “Boeing Q3 Deliveries Slip but Rise Year Over Year” published on October 09, 2018, Seekingalpha.com published: “Boeing Books $6.5B Worth Of Orders” on October 10, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Seekingalpha.com and their article: “Audit: Boeing rocket for NASA over budget” published on October 11, 2018 as well as Seekingalpha.com‘s news article titled: “Boeing: Time For Lift Off!” with publication date: September 25, 2018.

The Boeing Company (NYSE:BA) Ratings Coverage

Among 9 analysts covering Boeing (NYSE:BA), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Boeing had 13 analyst reports since April 16, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, April 26 by Wells Fargo. The firm has “Neutral” rating given on Thursday, July 26 by UBS. The rating was maintained by Barclays Capital on Monday, June 25 with “Buy”. As per Thursday, April 26, the company rating was upgraded by Societe Generale. The rating was maintained by Canaccord Genuity on Wednesday, April 25 with “Hold”. Buckingham Research maintained the stock with “Neutral” rating in Monday, June 4 report. The stock of The Boeing Company (NYSE:BA) earned “Buy” rating by Vertical Research on Wednesday, April 25. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, April 16. The stock has “Buy” rating by Canaccord Genuity on Thursday, April 19. The firm has “Buy” rating given on Thursday, August 16 by UBS.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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