Riggs Asset Managment Company Has Lowered Boeing Co (BA) Stake by $782,922; Bingham Osborn & Scarborough Has Lowered Stake in Apple (AAPL) as Valuation Declined

May 21, 2018 - By Adrian Mccoy

The Boeing Company (NYSE:BA) Logo

Bingham Osborn & Scarborough Llc decreased its stake in Apple Inc (AAPL) by 5.29% based on its latest 2017Q4 regulatory filing with the SEC. Bingham Osborn & Scarborough Llc sold 2,694 shares as the company’s stock declined 3.81% with the market. The institutional investor held 48,205 shares of the computer manufacturing company at the end of 2017Q4, valued at $8.16M, down from 50,899 at the end of the previous reported quarter. Bingham Osborn & Scarborough Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $920.41B market cap company. The stock increased 0.51% or $0.95 during the last trading session, reaching $187.26. About 13.82M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 21, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Riggs Asset Managment Company decreased its stake in Boeing Co (BA) by 7.2% based on its latest 2017Q4 regulatory filing with the SEC. Riggs Asset Managment Company sold 2,663 shares as the company’s stock rose 8.82% while stock markets declined. The institutional investor held 34,331 shares of the aerospace company at the end of 2017Q4, valued at $10.13 million, down from 36,994 at the end of the previous reported quarter. Riggs Asset Managment Company who had been investing in Boeing Co for a number of months, seems to be less bullish one the $213.22B market cap company. The stock increased 3.38% or $11.875 during the last trading session, reaching $363.105. About 4.93 million shares traded. The Boeing Company (NYSE:BA) has risen 82.35% since May 21, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Since February 8, 2018, it had 0 insider buys, and 6 sales for $18.83 million activity. The insider Verbeck Robert E sold $948,261. $373,379 worth of The Boeing Company (NYSE:BA) shares were sold by CAPOZZI HEIDI B. Another trade for 36,079 shares valued at $12.17M was made by Smith Gregory D on Thursday, February 8. 4,500 The Boeing Company (NYSE:BA) shares with value of $1.48 million were sold by Sands Diana L. 2,241 shares were sold by Hyslop Gregory L, worth $762,543.

More notable recent The Boeing Company (NYSE:BA) news were published by: Seekingalpha.com which released: “Boeing And Iran: The Pain” on May 09, 2018, also Seekingalpha.com with their article: “Boeing Doesn’t Need Iran” published on May 15, 2018, Streetinsider.com published: “Wall Street advances on trade war truce; Russell 2000 hits record” on May 21, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: 247Wallst.com and their article: “Boeing, Airbus Both Claim Victory in WTO Subsidy Case” published on May 15, 2018 as well as Etftrends.com‘s news article titled: “Rebound Potential for Industrial ETFs?” with publication date: May 21, 2018.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.02, from 0.81 in 2017Q3. It turned negative, as 65 investors sold BA shares while 614 reduced holdings. 148 funds opened positions while 391 raised stakes. 373.50 million shares or 9.30% less from 411.79 million shares in 2017Q3 were reported. Strategic Global Advisors Ltd Liability Co owns 8,100 shares. Diversified Com holds 0.03% or 1,903 shares. Lbmc Advsr Llc owns 7,081 shares. Ironwood Counsel Ltd Liability Corp accumulated 1,571 shares or 0.17% of the stock. Spectrum Management Gru Incorporated holds 11,876 shares. Riverhead Capital Management Ltd Liability Corp reported 104,365 shares. Pictet Asset has invested 0.31% of its portfolio in The Boeing Company (NYSE:BA). Lsv Asset Mgmt holds 0.83% or 1.79 million shares. Columbia Asset Management has 1.6% invested in The Boeing Company (NYSE:BA) for 18,946 shares. First Retail Bank Of Hutchinson owns 0.19% invested in The Boeing Company (NYSE:BA) for 1,098 shares. Gamble Jones Invest Counsel owns 15,483 shares or 0.43% of their US portfolio. Monroe Fincl Bank And Mi invested in 140 shares. Tru Co Of Virginia Va holds 0.11% or 2,599 shares. 216,750 are owned by State Treasurer State Of Michigan. 6.47 million are held by Fmr Limited Company.

Analysts await The Boeing Company (NYSE:BA) to report earnings on July, 25. They expect $3.44 earnings per share, up 34.90% or $0.89 from last year’s $2.55 per share. BA’s profit will be $2.02B for 26.39 P/E if the $3.44 EPS becomes a reality. After $3.64 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts -5.49% negative EPS growth.

Among 27 analysts covering Boeing (NYSE:BA), 19 have Buy rating, 1 Sell and 7 Hold. Therefore 70% are positive. Boeing had 117 analyst reports since August 26, 2015 according to SRatingsIntel. Vertical Research upgraded The Boeing Company (NYSE:BA) on Wednesday, April 25 to “Buy” rating. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Wednesday, October 18 by Canaccord Genuity. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, April 25. RBC Capital Markets maintained the shares of BA in report on Wednesday, November 15 with “Hold” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 28. RBC Capital Markets maintained it with “Sector Perform” rating and $149.0 target in Thursday, October 22 report. The stock has “Market Perform” rating by Wells Fargo on Friday, December 18. As per Tuesday, December 12, the company rating was maintained by Wells Fargo. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by RBC Capital Markets on Tuesday, January 23. The stock of The Boeing Company (NYSE:BA) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 24.

Since December 7, 2017, it had 0 insider buys, and 8 insider sales for $42.88 million activity. 17,375 shares were sold by Riccio Daniel J., worth $2.94 million. WILLIAMS JEFFREY E sold $2.90M worth of stock. LEVINSON ARTHUR D sold $6.51 million worth of stock or 35,000 shares. $6.75 million worth of Apple Inc. (NASDAQ:AAPL) was sold by AHRENDTS ANGELA J on Thursday, May 3. Another trade for 39,122 shares valued at $6.83M was made by Maestri Luca on Thursday, April 12.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 earnings per share, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 21.38 P/E if the $2.19 EPS becomes a reality. After $2.73 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Ohio-based Victory Management has invested 0.19% in Apple Inc. (NASDAQ:AAPL). Lucas Capital Management accumulated 36,907 shares. Cohen Steers owns 79,618 shares. Schroder holds 6.10 million shares. Nebraska-based Pittenger Anderson has invested 0.93% in Apple Inc. (NASDAQ:AAPL). Rnc Capital Mgmt Limited Liability invested in 1.12% or 95,269 shares. Edge Wealth Mgmt Ltd Liability Co holds 100,812 shares. Howe Rusling Inc, a New York-based fund reported 107,522 shares. Commonwealth Bankshares Of Aus accumulated 519,365 shares. Stanley Cap Ltd Limited Liability Company has 4.58% invested in Apple Inc. (NASDAQ:AAPL). Lyons Wealth Mngmt Ltd Liability Co holds 23.59% or 85,341 shares. Godshalk Welsh holds 2.5% or 14,575 shares in its portfolio. St Johns Management Ltd Llc has 2.91% invested in Apple Inc. (NASDAQ:AAPL) for 23,397 shares. Archford Capital Strategies Limited Liability Corporation has 1.32% invested in Apple Inc. (NASDAQ:AAPL). Bokf Na has invested 1.57% in Apple Inc. (NASDAQ:AAPL).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Bizjournals.com which released: “Sources: Research Triangle Park tops Apple’s short list” on May 15, 2018, also Seekingalpha.com with their article: “Apple: With Enemies Like These, Who Needs Friends?” published on May 17, 2018, Livetradingnews.com published: “Apple Inc. (NASDAQ:AAPL) Stock Consolidating” on May 21, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Livetradingnews.com and their article: “Apple Inc. (NASDAQ:AAPL) Upward Trend” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Tim Cook comments on Trump meeting” with publication date: May 15, 2018.

Bingham Osborn & Scarborough Llc, which manages about $2.87 billion and $1.10B US Long portfolio, upped its stake in Amphenol Corp New (NYSE:APH) by 79,974 shares to 327,290 shares, valued at $28.74M in 2017Q4, according to the filing. It also increased its holding in Procter And Gamble Co (NYSE:PG) by 15,073 shares in the quarter, for a total of 127,778 shares, and has risen its stake in Schwab Charles Corp New (NYSE:SCHW).

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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