Sterneck Capital Management Has Lowered Position in Boeing Co (BA) as Market Valuation Rose; Gillespie Robinson & Grimm Raised Its Oracle (ORCL) Holding by $621,840

January 14, 2018 - By Linda Rogers

Sterneck Capital Management Llc decreased its stake in Boeing Co (BA) by 51.46% based on its latest 2017Q3 regulatory filing with the SEC. Sterneck Capital Management Llc sold 3,308 shares as the company’s stock rose 4.66% with the market. The institutional investor held 3,120 shares of the aerospace company at the end of 2017Q3, valued at $793,000, down from 6,428 at the end of the previous reported quarter. Sterneck Capital Management Llc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $200.24B market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.90M shares traded or 106.74% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Gillespie Robinson & Grimm Inc increased its stake in Oracle Corporation (ORCL) by 2.29% based on its latest 2017Q3 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc bought 12,955 shares as the company’s stock rose 5.35% with the market. The institutional investor held 577,645 shares of the prepackaged software company at the end of 2017Q3, valued at $27.93 million, up from 564,690 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Oracle Corporation for a number of months, seems to be bullish on the $204.95B market cap company. The stock increased 1.14% or $0.56 during the last trading session, reaching $49.51. About 17.81M shares traded or 18.22% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 14, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Since July 31, 2017, it had 0 insider purchases, and 5 insider sales for $20.35 million activity. 19,757 The Boeing Company (NYSE:BA) shares with value of $4.85 million were sold by Smith Gregory D. $1.02 million worth of The Boeing Company (NYSE:BA) was sold by CAPOZZI HEIDI B. Verbeck Robert E sold 2,522 shares worth $616,499. Downey Thomas J also sold $32,321 worth of The Boeing Company (NYSE:BA) shares.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 6. The rating was maintained by Jefferies with “Buy” on Wednesday, July 5. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Monday, July 24 by Cowen & Co. Credit Suisse maintained The Boeing Company (NYSE:BA) on Tuesday, October 24 with “Buy” rating. Canaccord Genuity maintained The Boeing Company (NYSE:BA) rating on Friday, April 28. Canaccord Genuity has “Hold” rating and $170 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, March 13. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 28 report. As per Thursday, February 18, the company rating was upgraded by Buckingham Research. The rating was maintained by Citigroup on Monday, September 19 with “Buy”. The firm has “Sell” rating by RBC Capital Markets given on Friday, July 7.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It dived, 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. Buckingham Asset Lc owns 14,576 shares. Johnson Group accumulated 5,051 shares. Fcg Advsr Ltd Liability Co stated it has 931 shares or 0.09% of all its holdings. Guild Inv Management, California-based fund reported 1,960 shares. Crestpoint Management Lc holds 0.16% or 1,400 shares in its portfolio. Lifeplan Financial stated it has 1,092 shares or 0.18% of all its holdings. Evercore Trust Com Na stated it has 24.78% of its portfolio in The Boeing Company (NYSE:BA). Marshall Wace Limited Liability Partnership invested in 0.87% or 73,746 shares. Bancorp Of The Ozarks reported 4,340 shares stake. Cypress Cap Mgmt Lc has 44,064 shares. 1,259 were reported by Ironwood Counsel Lc. Private Na stated it has 0.31% in The Boeing Company (NYSE:BA). Company Of Virginia Va owns 2,749 shares. Tradition Capital Management Ltd holds 2.28% of its portfolio in The Boeing Company (NYSE:BA) for 27,726 shares. 22,500 are owned by Barbara Oil.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 earnings per share, up 16.19% or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71B for 29.29 P/E if the $2.87 EPS becomes a reality. After $2.72 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Sterneck Capital Management Llc, which manages about $314.88M and $174.40 million US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 13,717 shares to 67,752 shares, valued at $3.51 million in 2017Q3, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 12,550 shares in the quarter, for a total of 52,830 shares, and has risen its stake in J P Morgan Exchange Traded F.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It increased, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Hsbc Holdings Public has invested 0.38% in Oracle Corporation (NYSE:ORCL). Arrowstreet Cap LP invested 1.2% of its portfolio in Oracle Corporation (NYSE:ORCL). Private Tru Comm Na stated it has 40,325 shares or 0.42% of all its holdings. Stock Yards Bancorporation Trust Communication holds 44,652 shares. The New Jersey-based Strategy Asset Managers Ltd Liability Corp has invested 2.55% in Oracle Corporation (NYSE:ORCL). Pitcairn Company has 0.14% invested in Oracle Corporation (NYSE:ORCL). Moreover, Contravisory Inv Management Incorporated has 0% invested in Oracle Corporation (NYSE:ORCL). Cambridge Research Advsrs reported 233,924 shares stake. Redmond Asset Ltd Liability Corp owns 0.88% invested in Oracle Corporation (NYSE:ORCL) for 39,883 shares. Tower Rech Cap Limited Com (Trc) has 0.02% invested in Oracle Corporation (NYSE:ORCL). Everence Capital invested in 61,958 shares. Cadence Savings Bank Na reported 6,417 shares or 0.12% of all its holdings. Coastline accumulated 82,154 shares. Cognios Capital Limited reported 67,431 shares stake. Prentiss Smith Inc accumulated 156,454 shares or 4.56% of the stock.

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