Boeing Co (BA) Shareholder Interocean Capital Cut Its Position as Stock Value Rose; Livforsakringsbolaget Skandia Omsesidigt Lowered Its Verizon Communications (VZ) Position by $332,318

February 17, 2018 - By wolcottdaily

Interocean Capital Llc decreased its stake in Boeing Co (BA) by 16.07% based on its latest 2017Q3 regulatory filing with the SEC. Interocean Capital Llc sold 6,923 shares as the company’s stock rose 4.66% with the market. The hedge fund held 36,145 shares of the aerospace company at the end of 2017Q3, valued at $9.19M, down from 43,068 at the end of the previous reported quarter. Interocean Capital Llc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $208.94B market cap company. The stock decreased 0.40% or $1.42 during the last trading session, reaching $355.04. About 5.21 million shares traded or 6.49% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since February 17, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in Verizon Communications Inc (VZ) by 2.53% based on its latest 2017Q3 regulatory filing with the SEC. Livforsakringsbolaget Skandia Omsesidigt sold 6,782 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 260,770 shares of the telecommunications equipment company at the end of 2017Q3, valued at $12.91 million, down from 267,552 at the end of the previous reported quarter. Livforsakringsbolaget Skandia Omsesidigt who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $204.56 billion market cap company. The stock increased 0.82% or $0.41 during the last trading session, reaching $50.15. About 12.26M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 17, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Livforsakringsbolaget Skandia Omsesidigt, which manages about $1.12 billion US Long portfolio, upped its stake in Best Buy Co Inc (NYSE:BBY) by 52,300 shares to 57,787 shares, valued at $3.29M in 2017Q3, according to the filing. It also increased its holding in Com Stk Usd0.01 (NYSE:ABC) by 21,000 shares in the quarter, for a total of 36,394 shares, and has risen its stake in Snap (NYSE:SNA).

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Argent Trust Company holds 1.29% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 94,966 shares. Old Mutual Glob (Uk) Limited stated it has 248,380 shares. Wellington Mngmt Group Llp accumulated 78.77 million shares. Bartlett & Commerce Ltd Liability reported 602,396 shares stake. Keybank Association Oh invested in 2.12 million shares. Richard Bernstein Advsr Limited Company invested in 66,728 shares or 0.23% of the stock. Natixis Asset Mgmt stated it has 0.14% of its portfolio in Verizon Communications Inc. (NYSE:VZ). First Allied Advisory Svcs Incorporated reported 274,293 shares. Jupiter Asset Limited reported 1.13M shares stake. Perella Weinberg Ptnrs Capital Management Lp owns 30,937 shares or 0.13% of their US portfolio. Narwhal Capital Management has 103,807 shares. Mitchell Mcleod Pugh & Williams accumulated 16,506 shares or 0.6% of the stock. Cap Planning Advisors Limited Liability stated it has 0.39% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Ls Lc holds 0.37% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 126,661 shares. Tarbox Family Office has invested 0.12% of its portfolio in Verizon Communications Inc. (NYSE:VZ).

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Scotia Capital maintained the stock with “Sector Outperform” rating in Wednesday, October 21 report. Cowen & Co maintained the shares of VZ in report on Tuesday, January 23 with “Hold” rating. Drexel Hamilton upgraded the stock to “Buy” rating in Monday, October 24 report. Nomura maintained it with “Buy” rating and $63 target in Wednesday, January 24 report. RBC Capital Markets downgraded it to “Sector Perform” rating and $51 target in Wednesday, January 25 report. The firm has “Neutral” rating given on Thursday, February 4 by DA Davidson. Jefferies downgraded Verizon Communications Inc. (NYSE:VZ) on Thursday, April 7 to “Hold” rating. The company was maintained on Wednesday, October 21 by Argus Research. Wells Fargo upgraded Verizon Communications Inc. (NYSE:VZ) on Monday, November 20 to “Outperform” rating. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Equal-Weight” rating by Barclays Capital on Monday, April 18.

Since August 28, 2017, it had 0 insider buys, and 3 sales for $89,365 activity.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It fall, 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. Piedmont Investment Advsr Ltd Limited Liability Company reported 0.86% of its portfolio in The Boeing Company (NYSE:BA). 1,812 are held by Sky Invest Group. Two Sigma Securities Limited Liability Corporation holds 0.08% or 3,642 shares in its portfolio. Point72 Asset Ltd Partnership accumulated 549,282 shares. Camelot Portfolios Ltd Liability reported 0.5% in The Boeing Company (NYSE:BA). Farmers Merchants Investments Inc, Nebraska-based fund reported 8,391 shares. Punch & Invest Mgmt owns 27,169 shares or 0.61% of their US portfolio. Ohio-based Gateway Invest Advisers Ltd Limited Liability Company has invested 0.8% in The Boeing Company (NYSE:BA). Wellington Grp Limited Liability Partnership accumulated 2.54 million shares. Wright Invsts Service stated it has 1.66% in The Boeing Company (NYSE:BA). Robeco Institutional Asset Management Bv reported 0.41% in The Boeing Company (NYSE:BA). Sol Cap Mngmt Communications invested in 0.42% or 5,875 shares. Fort Washington Inv Advsr Oh invested in 0.36% or 90,544 shares. Northwest Counselors Ltd Company has invested 0.12% in The Boeing Company (NYSE:BA). Evercore Wealth Mgmt Ltd has 0.04% invested in The Boeing Company (NYSE:BA).

Interocean Capital Llc, which manages about $885.53 million and $671.90 million US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 26,831 shares to 284,384 shares, valued at $21.18 million in 2017Q3, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 24,008 shares in the quarter, for a total of 166,399 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

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