As Boeing Common (BA) Stock Rose, Country Trust Bank Has Cut Its Stake by $11.03 Million; Altarock Partners Upped Position in Transdigm Group (TDG) by $18.96 Million

January 23, 2018 - By Winifred Garcia

Country Trust Bank decreased its stake in Boeing Common (BA) by 38.38% based on its latest 2017Q3 regulatory filing with the SEC. Country Trust Bank sold 43,409 shares as the company’s stock rose 4.66% with the market. The institutional investor held 69,685 shares of the aerospace company at the end of 2017Q3, valued at $17.72M, down from 113,094 at the end of the previous reported quarter. Country Trust Bank who had been investing in Boeing Common for a number of months, seems to be less bullish one the $200.08 billion market cap company. The stock decreased 0.61% or $2.06 during the last trading session, reaching $335.94. About 3.00M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 23, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Altarock Partners Llc increased its stake in Transdigm Group Inc (TDG) by 13% based on its latest 2017Q3 regulatory filing with the SEC. Altarock Partners Llc bought 74,367 shares as the company’s stock rose 2.33% with the market. The institutional investor held 646,531 shares of the military and government and technical company at the end of 2017Q3, valued at $165.29 million, up from 572,164 at the end of the previous reported quarter. Altarock Partners Llc who had been investing in Transdigm Group Inc for a number of months, seems to be bullish on the $15.49B market cap company. The stock increased 0.41% or $1.22 during the last trading session, reaching $298.07. About 162,788 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 12.77% since January 23, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

Since August 15, 2017, it had 0 insider buys, and 6 selling transactions for $13.72 million activity. Jones Roger also sold $1.47 million worth of TransDigm Group Incorporated (NYSE:TDG) shares. Henderson Robert S also sold $3.96M worth of TransDigm Group Incorporated (NYSE:TDG) on Monday, October 16.

Among 19 analysts covering Transdigm Group Incorporated (NYSE:TDG), 10 have Buy rating, 2 Sell and 7 Hold. Therefore 53% are positive. Transdigm Group Incorporated had 65 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Wednesday, June 21. Jefferies maintained TransDigm Group Incorporated (NYSE:TDG) rating on Monday, June 12. Jefferies has “Buy” rating and $28300 target. Cowen & Co downgraded the shares of TDG in report on Thursday, March 23 to “Market Perform” rating. The stock has “Sell” rating by J.P. Morgan on Tuesday, December 12. The rating was maintained by RBC Capital Markets on Wednesday, April 19 with “Buy”. The stock has “Buy” rating by Suntrust Robinson on Thursday, January 19. The firm has “Buy” rating given on Thursday, August 10 by Credit Suisse. The rating was maintained by Credit Suisse on Friday, November 10 with “Outperform”. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Wednesday, April 13. RBC Capital Markets initiated TransDigm Group Incorporated (NYSE:TDG) on Thursday, January 12 with “Outperform” rating.

Investors sentiment increased to 0.93 in Q3 2017. Its up 0.30, from 0.63 in 2017Q2. It improved, as 30 investors sold TDG shares while 129 reduced holdings. 42 funds opened positions while 106 raised stakes. 56.62 million shares or 1.72% less from 57.61 million shares in 2017Q2 were reported. Stifel holds 0% or 4,419 shares in its portfolio. 131,430 were accumulated by Dimensional Fund Advsrs Ltd Partnership. 108 are owned by Acadian Asset Management Limited Co. Asset Management One Com Limited invested in 0.06% or 92,361 shares. Capital Ww Invsts stated it has 0.31% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Carroll Assocs holds 72 shares. University Of Notre Dame Du Lac stated it has 34,136 shares or 2.43% of all its holdings. Huntington Bankshares has 50 shares. Moreover, Nelson Van Denburg And Campbell Wealth Mgmt Gru Incorporated Limited Liability Corporation has 0% invested in TransDigm Group Incorporated (NYSE:TDG) for 5 shares. Bessemer holds 0% or 2,338 shares. Andra Ap reported 2,400 shares stake. Colony Limited Liability reported 0.14% in TransDigm Group Incorporated (NYSE:TDG). Southeast Asset Advsrs holds 0.22% of its portfolio in TransDigm Group Incorporated (NYSE:TDG) for 2,740 shares. Cap Research Global Investors owns 0.12% invested in TransDigm Group Incorporated (NYSE:TDG) for 1.57M shares. 18,470 were reported by Toronto Dominion Bancorp.

Altarock Partners Llc, which manages about $109.11 million and $683.85M US Long portfolio, decreased its stake in Charter Communications by 177,964 shares to 232,573 shares, valued at $84.52M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It worsened, 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. Allsquare Wealth Llc accumulated 956 shares. L S Inc has 39,864 shares. Liberty Mutual Grp Inc Asset Mgmt Inc owns 25,044 shares or 0.35% of their US portfolio. Moreover, Warren Averett Asset Mngmt Limited Com has 0.09% invested in The Boeing Company (NYSE:BA) for 1,673 shares. Moreover, Ironwood Inv Counsel Ltd Liability Co has 0.13% invested in The Boeing Company (NYSE:BA). Glovista Ltd Liability Co reported 900 shares. Martin Company Tn accumulated 1.14% or 13,755 shares. Franklin Street Advsrs Inc Nc accumulated 0.26% or 6,162 shares. Moreover, Tokio Marine Asset Management Limited has 0.23% invested in The Boeing Company (NYSE:BA). Keybank National Association Oh holds 0.24% or 156,201 shares in its portfolio. Parametrica Management Limited invested in 1,739 shares or 0.19% of the stock. Dumont Blake Investment Advsr Ltd reported 5,545 shares stake. Lodestar Inv Counsel Ltd Co Il stated it has 0.14% in The Boeing Company (NYSE:BA). Todd Asset Management Limited Liability Com accumulated 0.32% or 45,842 shares. Interocean Capital Limited Liability holds 36,145 shares.

Since July 31, 2017, it had 0 insider purchases, and 5 sales for $20.35 million activity. Another trade for 56,838 shares valued at $13.84 million was made by Muilenburg Dennis A on Monday, July 31. Verbeck Robert E sold $616,499 worth of stock. Another trade for 4,217 shares valued at $1.02M was made by CAPOZZI HEIDI B on Monday, July 31. On Monday, August 7 the insider Downey Thomas J sold $32,321.

Country Trust Bank, which manages about $2.21 billion US Long portfolio, upped its stake in Biogen Inc. Common (NASDAQ:BIIB) by 11,934 shares to 105,610 shares, valued at $33.07M in 2017Q3, according to the filing. It also increased its holding in Ishares Barclays 1 To 3 Year (CSJ) by 37,196 shares in the quarter, for a total of 404,431 shares, and has risen its stake in U.S. Bancorp New Common (NYSE:USB).

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 29.26 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.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 91 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was initiated by Robert W. Baird on Thursday, October 6 with “Outperform”. The firm has “Market Perform” rating given on Friday, December 18 by Wells Fargo. The company was upgraded on Thursday, January 14 by Standpoint Research. The rating was maintained by Bernstein with “Buy” on Wednesday, September 20. The firm earned “Sector Perform” rating on Thursday, April 28 by RBC Capital Markets. The rating was maintained by Jefferies with “Buy” on Wednesday, July 5. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Thursday, July 27 by Goldman Sachs. Robert W. Baird maintained it with “Buy” rating and $433.0 target in Tuesday, January 16 report. RBC Capital Markets maintained it with “Sector Perform” rating and $149.0 target in Thursday, October 22 report. The firm has “Buy” rating given on Monday, October 23 by Jefferies.

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