As Nike Class B (NKE) Share Price Declined, Estabrook Capital Management Increased Its Holding; Livingston Group Asset Management Southport Capital Management Trimmed Position in Boeing Co Com (BA) by $2.11 Million as Stock Value Rose

February 24, 2018 - By Marie Mckinney

Livingston Group Asset Management Southport Capital Management decreased its stake in Boeing Co Com (BA) by 82.97% based on its latest 2017Q3 regulatory filing with the SEC. Livingston Group Asset Management Southport Capital Management sold 8,296 shares as the company’s stock rose 4.66% with the market. The institutional investor held 1,703 shares of the aerospace company at the end of 2017Q3, valued at $433,000, down from 9,999 at the end of the previous reported quarter. Livingston Group Asset Management Southport Capital Management who had been investing in Boeing Co Com for a number of months, seems to be less bullish one the $209.89B market cap company. The stock increased 0.21% or $0.74 during the last trading session, reaching $356.66. About 3.36M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 24, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Estabrook Capital Management increased its stake in Nike Inc Class B (NKE) by 1.89% based on its latest 2017Q3 regulatory filing with the SEC. Estabrook Capital Management bought 985 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 53,087 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.75B, up from 52,102 at the end of the previous reported quarter. Estabrook Capital Management who had been investing in Nike Inc Class B for a number of months, seems to be bullish on the $110.89B market cap company. The stock increased 1.53% or $1.03 during the last trading session, reaching $68.16. About 4.43 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 24, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

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 firm has “Outperform” rating given on Thursday, July 27 by Credit Suisse. The stock has “Overweight” rating by JP Morgan on Friday, July 14. The firm earned “Outperform” rating on Thursday, October 6 by Robert W. Baird. The rating was maintained by Deutsche Bank on Monday, December 5 with “Buy”. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, February 1. The stock has “Sell” rating by RBC Capital Markets on Friday, July 7. The rating was maintained by Bernstein with “Outperform” on Monday, October 30. The rating was maintained by RBC Capital Markets on Thursday, April 27 with “Underperform”. The stock has “Buy” rating by Edward Jones on Tuesday, February 13. Morgan Stanley downgraded The Boeing Company (NYSE:BA) on Monday, March 13 to “Equal-Weight” rating.

Investors sentiment decreased to 0.81 in Q3 2017. 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. Green Square Limited Liability Corporation reported 32,678 shares or 1.5% of all its holdings. Bnp Paribas Arbitrage accumulated 0.74% or 1.19 million shares. Grandfield And Dodd Limited Liability Company stated it has 2,743 shares. Hollencrest Securities Ltd Liability holds 0.03% of its portfolio in The Boeing Company (NYSE:BA) for 978 shares. South Street Advisors Limited Liability Corp stated it has 0.08% in The Boeing Company (NYSE:BA). Moreover, Princeton Port Strategies Ltd Com has 0.48% invested in The Boeing Company (NYSE:BA) for 6,945 shares. Allsquare Wealth Mngmt Limited Liability invested 0.2% in The Boeing Company (NYSE:BA). Liberty Mutual Gp Asset Mgmt Inc stated it has 0.35% in The Boeing Company (NYSE:BA). Bbr Partners Ltd Company holds 0.25% of its portfolio in The Boeing Company (NYSE:BA) for 4,663 shares. Murphy Capital invested 1.82% of its portfolio in The Boeing Company (NYSE:BA). Moors Cabot holds 0.61% or 16,697 shares. Eagleclaw Managment Limited Liability Com holds 3.25% or 22,605 shares. Alyeska Investment Grp Inc LP holds 0.04% in The Boeing Company (NYSE:BA) or 17,891 shares. Family Firm Inc invested in 2,099 shares or 0.22% of the stock. Ing Groep Nv invested in 0.94% or 192,806 shares.

Since February 8, 2018, it had 0 insider purchases, and 1 insider sale for $12.17 million activity.

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25. They expect $2.73 EPS, up 35.82% or $0.72 from last year’s $2.01 per share. BA’s profit will be $1.61 billion for 32.66 P/E if the $2.73 EPS becomes a reality. After $4.80 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -43.13% negative EPS growth.

Livingston Group Asset Management Southport Capital Management, which manages about $220.76 million and $235.00M US Long portfolio, upped its stake in Guggenheim Bulletshares 2019 High Yield Corporate Bond Etf (BSJJ) by 21,161 shares to 138,427 shares, valued at $3.42M in 2017Q3, according to the filing. It also increased its holding in Guggenheim Bulletshares 2021 High Yield Corporate Bond Etf (BSJL) by 18,756 shares in the quarter, for a total of 73,043 shares, and has risen its stake in Medtronic Plc Shs (NYSE:MDT).

Estabrook Capital Management, which manages about $1.18 billion and $643.77 billion US Long portfolio, decreased its stake in United Technologies Corp. (NYSE:UTX) by 670 shares to 16,759 shares, valued at $1.95 billion in 2017Q3, according to the filing. It also reduced its holding in National (NYSE:NOV) by 17,086 shares in the quarter, leaving it with 34,068 shares, and cut its stake in Mosaic Co New Com (NYSE:MOS).

Since September 14, 2017, it had 0 buys, and 8 selling transactions for $37.22 million activity. EDWARDS TREVOR A sold 100,000 shares worth $6.85 million. $620,000 worth of NIKE, Inc. (NYSE:NKE) was sold by Matheson Monique S.. On Friday, December 15 the insider PARKER MARK G sold $8.78M. Another trade for 74,278 shares valued at $4.75M was made by Slusher John F on Friday, January 5. The insider RODGERS JOHNATHAN A sold 16,000 shares worth $855,206.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.20, from 1 in 2017Q2. It dropped, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Bremer Trust National Association stated it has 23,577 shares or 0.34% of all its holdings. Natixis has invested 0.16% in NIKE, Inc. (NYSE:NKE). Sumitomo Mitsui Asset Mgmt Com holds 478,338 shares or 0.39% of its portfolio. Lincoln National has 6,460 shares. Badgley Phelps & Bell Incorporated invested 0.03% in NIKE, Inc. (NYSE:NKE). Confluence Wealth Mngmt Lc invested 0.67% of its portfolio in NIKE, Inc. (NYSE:NKE). Metropolitan Life Insurance reported 0.22% stake. Acropolis Management Ltd Liability Com reported 7,786 shares. Barclays Public Limited Com reported 1.79 million shares. Tci Wealth Advsrs Inc invested in 0.01% or 459 shares. The Michigan-based Monroe Bancorporation & Mi has invested 0.08% in NIKE, Inc. (NYSE:NKE). Rmb Cap Mngmt Ltd Com reported 106,110 shares stake. Weatherly Asset Mngmt LP owns 41,061 shares. Janney Montgomery Scott Ltd Liability Corp owns 0.13% invested in NIKE, Inc. (NYSE:NKE) for 212,941 shares. State Treasurer State Of Michigan has invested 0.17% in NIKE, Inc. (NYSE:NKE).

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Piper Jaffray given on Thursday, March 23. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, December 23. The rating was maintained by Cowen & Co with “Market Perform” on Thursday, March 23. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Thursday, December 14 by Guggenheim. Stifel Nicolaus maintained NIKE, Inc. (NYSE:NKE) rating on Friday, July 21. Stifel Nicolaus has “Buy” rating and $6600 target. On Monday, December 28 the stock rating was maintained by DA Davidson with “Buy”. The stock of NIKE, Inc. (NYSE:NKE) has “Market Perform” rating given on Monday, August 24 by Kelsey Advisory Group. Robert W. Baird maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, December 21. Robert W. Baird has “Buy” rating and $74.0 target. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Buckingham Research on Monday, December 18. The firm has “Hold” rating given on Friday, July 21 by Piper Jaffray.

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