Warren Averett Asset Management Cut Boeing Co (BA) Stake by $779,780 as Share Price Rose; Schlumberger Limited (SLB) Stock Price Declined While Tirschwell & Loewy Decreased Its Holding

January 14, 2018 - By Clifton Ray

Warren Averett Asset Management Llc decreased its stake in Boeing Co (BA) by 64.73% based on its latest 2017Q3 regulatory filing with the SEC. Warren Averett Asset Management Llc sold 3,070 shares as the company’s stock rose 4.66% with the market. The institutional investor held 1,673 shares of the aerospace company at the end of 2017Q3, valued at $425,000, down from 4,743 at the end of the previous reported quarter. Warren Averett Asset Management Llc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $200.24 billion market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56 million shares traded or 96.62% 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.

Tirschwell & Loewy Inc decreased its stake in Schlumberger Limited (SLB) by 64.54% based on its latest 2017Q3 regulatory filing with the SEC. Tirschwell & Loewy Inc sold 114,803 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 63,083 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $4.40 million, down from 177,886 at the end of the previous reported quarter. Tirschwell & Loewy Inc who had been investing in Schlumberger Limited for a number of months, seems to be less bullish one the $108.01 billion market cap company. The stock increased 1.19% or $0.92 during the last trading session, reaching $77.97. About 9.21 million shares traded or 0.46% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 14, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 EPS, 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 EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Warren Averett Asset Management Llc, which manages about $1.83B and $461.15 million US Long portfolio, upped its stake in National Oilwell Varco Inc (NYSE:NOV) by 16,622 shares to 47,638 shares, valued at $1.70 million in 2017Q3, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHR) by 7,473 shares in the quarter, for a total of 33,235 shares, and has risen its stake in Qorvo Inc.

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. Cowen & Co maintained The Boeing Company (NYSE:BA) on Monday, July 17 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Thursday, September 14. The rating was maintained by Canaccord Genuity with “Hold” on Friday, July 7. The firm earned “Outperform” rating on Thursday, October 6 by Robert W. Baird. The stock of The Boeing Company (NYSE:BA) has “Equal-Weight” rating given on Tuesday, October 24 by Morgan Stanley. Goldman Sachs upgraded The Boeing Company (NYSE:BA) on Thursday, July 27 to “Hold” rating. Canaccord Genuity maintained it with “Hold” rating and $20000 target in Wednesday, July 26 report. The stock has “Sell” rating by Goldman Sachs on Friday, April 28. The rating was maintained by Jefferies on Monday, August 28 with “Buy”. Jefferies maintained the shares of BA in report on Monday, January 8 with “Buy” rating.

Since July 31, 2017, it had 0 insider purchases, and 5 selling transactions for $20.35 million activity. Smith Gregory D sold $4.85M worth of The Boeing Company (NYSE:BA) on Monday, July 31. CAPOZZI HEIDI B sold $1.02 million worth of The Boeing Company (NYSE:BA) on Monday, July 31. Verbeck Robert E had sold 2,522 shares worth $616,499 on Monday, July 31. Shares for $13.84 million were sold by Muilenburg Dennis A on Monday, July 31.

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. Boston Research & Mgmt Inc reported 0.2% in The Boeing Company (NYSE:BA). Loudon Investment Management Limited has invested 0.31% in The Boeing Company (NYSE:BA). Willingdon Wealth Management reported 0.07% stake. Shoker Invest Counsel accumulated 7,979 shares. Mayo Investment Advisers Ltd Liability Corporation stated it has 15,775 shares or 1.84% of all its holdings. Hl Service Limited reported 32,141 shares. King Luther Cap Mngmt Corporation holds 0.04% or 16,998 shares in its portfolio. Polaris Greystone Fincl Gru Limited Liability Corporation has 0.12% invested in The Boeing Company (NYSE:BA) for 5,402 shares. 5,998 were accumulated by Benjamin F Edwards. Credit Agricole S A holds 660,876 shares. Webster Bancorporation N A accumulated 19,743 shares. Burns J W & reported 0.23% of its portfolio in The Boeing Company (NYSE:BA). Catalyst Advsr Ltd invested in 0.19% or 17,376 shares. Moreover, Aimz Investment Advsrs Ltd Limited Liability Company has 0.17% invested in The Boeing Company (NYSE:BA) for 1,022 shares. 42,903 are owned by Chatham Capital Group Inc Inc.

Since October 24, 2017, it had 0 insider purchases, and 1 sale for $219,205 activity.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Guinness Atkinson Asset Management holds 4.73% or 108,020 shares in its portfolio. Prudential holds 0.24% or 2.09M shares. Hills Bancshares Tru Co stated it has 25,633 shares. Macroview Mngmt Ltd Liability Company reported 20 shares or 0% of all its holdings. Burke Herbert Bancorporation Com reported 0.29% stake. First Retail Bank And Tru Co Of Newtown accumulated 18,108 shares or 0.35% of the stock. Midwest Invest Management Lc has invested 2% in Schlumberger Limited (NYSE:SLB). Fmr Limited Com holds 0.15% of its portfolio in Schlumberger Limited (NYSE:SLB) for 17.94M shares. First Quadrant Ltd Partnership Ca owns 21,416 shares for 0.03% of their portfolio. Livingston Asset Mngmt Communications (Operating As Southport Cap Management) reported 3,855 shares or 0.11% of all its holdings. Crestwood Advsrs Group Inc Limited Co accumulated 233,741 shares. States Steel & Carnegie Pension Fund reported 1.59% stake. Van Den Berg I Inc has 2.89% invested in Schlumberger Limited (NYSE:SLB) for 367,452 shares. Associated Banc has 1.11% invested in Schlumberger Limited (NYSE:SLB) for 288,270 shares. 19.10M are owned by Northern Trust.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on January, 19. They expect $0.45 earnings per share, up 66.67% or $0.18 from last year’s $0.27 per share. SLB’s profit will be $623.37 million for 43.32 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Tirschwell & Loewy Inc, which manages about $679.14M and $661.33 million US Long portfolio, upped its stake in Nevro Corp by 51,295 shares to 96,625 shares, valued at $8.78M in 2017Q3, according to the filing. It also increased its holding in Henry Schein Inc. (NASDAQ:HSIC) by 99,634 shares in the quarter, for a total of 198,878 shares, and has risen its stake in Dentsply Intl (NASDAQ:XRAY).

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 127 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) earned “Neutral” rating by Guggenheim on Tuesday, June 27. The firm has “Outperform” rating by Oppenheimer given on Monday, October 19. Cowen & Co maintained it with “Outperform” rating and $99 target in Wednesday, April 26 report. The firm earned “Buy” rating on Thursday, July 20 by RBC Capital Markets. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Monday, May 23 report. The rating was maintained by Bernstein with “Hold” on Friday, May 5. The company was upgraded on Thursday, September 3 by Citigroup. The firm has “Overweight” rating given on Monday, April 25 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, October 20 by Argus Research. As per Thursday, June 1, the company rating was maintained by RBC Capital Markets.

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