Covington Capital Management Has Trimmed By $981,456 Its Boeing Co (BA) Holding; Lee Enterprises (LEE) Shorts Increased By 0.15%

March 21, 2018 - By Darrin Black

Lee Enterprises Incorporated (NYSE:LEE) had an increase of 0.15% in short interest. LEE’s SI was 4.07 million shares in March as released by FINRA. Its up 0.15% from 4.07 million shares previously. With 147,000 avg volume, 28 days are for Lee Enterprises Incorporated (NYSE:LEE)’s short sellers to cover LEE’s short positions. The SI to Lee Enterprises Incorporated’s float is 8.47%. The stock decreased 2.33% or $0.05 during the last trading session, reaching $2.1. About 341,115 shares traded or 110.83% up from the average. Lee Enterprises, Incorporated (NYSE:LEE) has declined 2.01% since March 21, 2017 and is downtrending. It has underperformed by 18.71% the S&P500.

Covington Capital Management decreased Boeing Co (BA) stake by 4.37% reported in 2017Q3 SEC filing. Covington Capital Management sold 3,864 shares as Boeing Co (BA)’s stock rose 4.66%. The Covington Capital Management holds 84,489 shares with $21.48 million value, down from 88,353 last quarter. Boeing Co now has $198.10B valuation. The stock decreased 0.08% or $0.28 during the last trading session, reaching $337.35. About 3.31M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since March 21, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Lee Enterprises, Incorporated provides local news and information, and advertising services primarily in the Midwest, Mountain West, and West regions of the United States. The company has market cap of $119.87 million. As of September 25, 2016, it published 46 daily and 34 Sunday newspapers with 0.8 million and 1.2 million print and digital subscribers; and 300 weekly newspapers, and classified and niche publications in 21 states. It has a 2.3 P/E ratio. The firm also offers retail, classified, national, and digital advertising services, as well as custom digital marketing services.

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

Covington Capital Management increased United Technologies Corp (NYSE:UTX) stake by 4,233 shares to 51,994 valued at $6.04 million in 2017Q3. It also upped Sjw Group (NYSE:SJW) stake by 1.85M shares and now owns 1.86 million shares. Fedex Corp (NYSE:FDX) was raised too.

Investors sentiment decreased to 0.79 in 2017 Q3. Its down 0.02, from 0.81 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. Td Asset Mgmt reported 0.42% in The Boeing Company (NYSE:BA). Natl Asset Mgmt invested in 10,047 shares. Art Advsrs Limited Liability Company has 0.49% invested in The Boeing Company (NYSE:BA). Qs Investors owns 169,180 shares. Hanson Mcclain reported 4,230 shares. Kempner Cap reported 2,529 shares stake. Moreover, Sva Plumb Wealth Management Llc has 0.06% invested in The Boeing Company (NYSE:BA). Bank & Trust Of Hawaii holds 14,151 shares or 0.3% of its portfolio. Arcadia Management Corp Mi invested in 0.01% or 100 shares. 800 are held by Halbert Hargrove Russell Lc. Waddell & Reed owns 14,512 shares. Fort Washington Inv Advisors Oh owns 90,544 shares or 0.36% of their US portfolio. Hancock stated it has 0.71% of its portfolio in The Boeing Company (NYSE:BA). Sunbelt Secs Inc reported 1,666 shares. Univest Corporation Of Pennsylvania holds 0.08% or 788 shares.

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 “Neutral” rating given on Friday, July 28 by Buckingham Research. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 1. Cowen & Co maintained the stock with “Buy” rating in Monday, July 17 report. Credit Suisse maintained The Boeing Company (NYSE:BA) rating on Friday, April 28. Credit Suisse has “Hold” rating and $200 target. The firm earned “Buy” rating on Monday, February 5 by Berenberg. Jefferies maintained it with “Buy” rating and $400.0 target in Sunday, February 4 report. The firm has “Hold” rating given on Friday, July 7 by Canaccord Genuity. Seaport Global maintained it with “Buy” rating and $330.0 target in Wednesday, January 3 report. The stock of The Boeing Company (NYSE:BA) earned “Sell” rating by RBC Capital Markets on Friday, June 2. The stock of The Boeing Company (NYSE:BA) earned “Sector Perform” rating by RBC Capital Markets on Thursday, September 3.

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25. They expect $2.66 EPS, up 32.34% or $0.65 from last year’s $2.01 per share. BA’s profit will be $1.56B for 31.71 P/E if the $2.66 EPS becomes a reality. After $4.80 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -44.58% negative EPS growth.

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