Peloton Wealth Strategists Has Cut By $2.27 Million Its Boeing Company (BA) Stake; First Citizens Bancshares Has 0.94 Sentiment

March 23, 2018 - By David King

Peloton Wealth Strategists decreased Boeing Company (BA) stake by 49.87% reported in 2017Q3 SEC filing. Peloton Wealth Strategists sold 8,952 shares as Boeing Company (BA)’s stock rose 4.66%. The Peloton Wealth Strategists holds 9,000 shares with $2.29M value, down from 17,952 last quarter. Boeing Company now has $192.52 billion valuation. The stock increased 2.58% or $8.2416 during the last trading session, reaching $327.8516. About 4.74M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since March 23, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

First Citizens BancShares, Inc. operates as the holding firm for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. The company has market cap of $5.00 billion. The Company’s deposit products include checking, savings, money market and time deposit accounts. It has a 15.59 P/E ratio. The companyÂ’s loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, and consumer loans.

Investors sentiment decreased to 0.79 in Q3 2017. Its down 0.02, from 0.81 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. Savant Cap Ltd Liability Corporation holds 0.43% or 7,494 shares in its portfolio. Btr Cap Management Inc, a California-based fund reported 4,946 shares. Parametrica Management Limited has invested 0.19% in The Boeing Company (NYSE:BA). State Treasurer State Of Michigan owns 0.46% invested in The Boeing Company (NYSE:BA) for 221,250 shares. Telemus Cap Lc holds 3,164 shares. Gp One Trading LP invested 0% of its portfolio in The Boeing Company (NYSE:BA). Asset Management One Company Limited, a Japan-based fund reported 915,256 shares. Klingenstein Fields Ltd Limited Liability Company invested in 1,080 shares. Oregon Pub Employees Retirement Fund owns 164,374 shares. Intersect Limited holds 10,318 shares. Hancock Co invested in 0.71% or 66,141 shares. Caxton Assoc LP has 0.34% invested in The Boeing Company (NYSE:BA) for 37,100 shares. Eaton Vance Mngmt reported 1.20M shares or 0.79% of all its holdings. Cambridge Inv Research Advsr Inc reported 0.22% in The Boeing Company (NYSE:BA). Barr E S & Company invested in 0.04% or 1,599 shares.

Peloton Wealth Strategists increased Occidental Petroleum (NYSE:OXY) stake by 10,750 shares to 32,650 valued at $2.10 million in 2017Q3. It also upped Chipotle Mexican Grill (NYSE:CMG) stake by 1,285 shares and now owns 4,340 shares. Svb Financial Group (NASDAQ:SIVB) was raised too.

Among 25 analysts covering Boeing (NYSE:BA), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. Boeing had 104 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Thursday, February 1 by Wells Fargo. On Monday, October 30 the stock rating was maintained by Bernstein with “Outperform”. As per Thursday, July 27, the company rating was upgraded by RBC Capital Markets. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Thursday, January 14 by Standpoint Research. As per Friday, September 1, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, June 13 by Cowen & Co. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Thursday, July 27 by Robert W. Baird. The company was maintained on Wednesday, July 26 by Canaccord Genuity. The stock of The Boeing Company (NYSE:BA) earned “Buy” rating by Bank of America on Tuesday, December 12. The firm earned “Equal-Weight” rating on Monday, March 13 by Morgan Stanley.

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25. They expect $2.66 earnings per share, up 32.34% or $0.65 from last year’s $2.01 per share. BA’s profit will be $1.56B for 30.81 P/E if the $2.66 EPS becomes a reality. After $4.80 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts -44.58% negative EPS growth.

Since February 8, 2018, it had 0 insider buys, and 1 insider sale for $12.17 million activity. On Thursday, February 8 Smith Gregory D sold $12.17 million worth of The Boeing Company (NYSE:BA) or 36,079 shares.

Huber Capital Management Llc holds 1.79% of its portfolio in First Citizens BancShares, Inc. for 86,815 shares. Piermont Capital Management Inc. owns 7,975 shares or 0.99% of their US portfolio. Moreover, Systematic Financial Management Lp has 0.65% invested in the company for 86,065 shares. The Connecticut-based Zebra Capital Management Llc has invested 0.62% in the stock. Reinhart Partners Inc., a Wisconsin-based fund reported 8,788 shares.

Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $21,000 activity.

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