Renaissance Group Holding in Cdw De (CDW) Lifted by $29.61 Million as Stock Value Rose; Boeing Co (BA) Valuation Declined While Premier Asset Managment Has Trimmed by $302,475 Its Position

June 14, 2018 - By wolcottdaily

The Boeing Company (NYSE:BA) Logo

Renaissance Group Llc increased its stake in Cdw Corp De (CDW) by 1129.39% based on its latest 2018Q1 regulatory filing with the SEC. Renaissance Group Llc bought 423,057 shares as the company’s stock rose 9.75% while stock markets declined. The institutional investor held 460,516 shares of the catalog and specialty distribution company at the end of 2018Q1, valued at $32.38 million, up from 37,459 at the end of the previous reported quarter. Renaissance Group Llc who had been investing in Cdw Corp De for a number of months, seems to be bullish on the $12.71 billion market cap company. The stock decreased 0.75% or $0.63 during the last trading session, reaching $83.78. About 659,974 shares traded. CDW Corporation (NASDAQ:CDW) has risen 35.86% since June 14, 2017 and is uptrending. It has outperformed by 23.29% the S&P500. Some Historical CDW News: 19/04/2018 DJ CDW Corp, Inst Holders, 1Q 2018 (CDW); 30/04/2018 – Singapore Bourse: Change In Cdw Holding Limited; 02/05/2018 – CDW 1Q ADJ EPS $1.05, EST. 92C; 02/05/2018 – CDW Reports Record First Quarter Net Sales; 02/05/2018 – CDW EXPECTS TO EXCEED ANNUAL IT MARKET GROWTH TARGET; 02/05/2018 – CDW 1Q EPS 82c; 09/05/2018 – CDW Short-Interest Ratio Rises 24% to 7 Days; 02/05/2018 – CDW Declares Cash Dividend of $0.21 Per Share; 25/05/2018 – CDW Presenting at Conference Jun 5; 31/05/2018 – CDW HOLDING LTD CDWH.Sl – YOSHIKAWA MAKOTO APPOINTED CHAIRMAN

Premier Asset Managment Llc decreased its stake in Boeing Co (BA) by 1.68% based on its latest 2018Q1 regulatory filing with the SEC. Premier Asset Managment Llc sold 925 shares as the company’s stock declined 0.93% with the market. The institutional investor held 54,131 shares of the aerospace company at the end of 2018Q1, valued at $17.75M, down from 55,056 at the end of the previous reported quarter. Premier Asset Managment Llc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $211.97B market cap company. The stock decreased 1.83% or $6.77 during the last trading session, reaching $363.85. About 3.87 million shares traded. The Boeing Company (NYSE:BA) has risen 92.49% since June 14, 2017 and is uptrending. It has outperformed by 79.92% the S&P500. Some Historical BA News: 07/03/2018 – Anurag Kotoky: Breaking: Jet Airways’ order for 10 Boeing 787 Dreamliners “hasn’t got anywhere,”says Boeing. Jet has yet to; 03/04/2018 – India’s Jet Airways agrees to buy 75 Boeing 737 MAX jets worth $8.8 bln; 26/04/2018 – BOEING – DEFENSE LOGISTICS AGENCY HAS AWARDED BOEING A FIVE-YEAR $427 MLN SOLE-SOURCE CONTRACT; 10/04/2018 – BOEING, QATAR AIR SIGN LETTER OF INTENT FOR FIVE 777 FREIGHTERS; 06/03/2018 – ANALYSIS-Airbus fights to defend A330 as order decisions loom; 18/05/2018 – IAG CEO does not see movement on Norwegian deal in coming weeks or months; 08/05/2018 – FACTBOX-Iran’s $38 billion airplane purchases under nuclear deal; 01/05/2018 – BOEING SAYS DEAL TO BE FUNDED PRIMARILY WITH CASH, SOME DEBT; 28/03/2018 – BOEING HIT BY WANNACRY VIRUS, FEARS IT COULD CRIPPLE SOME VITAL AIRPLANE PRODUCTION EQUIPMENT- SEATTLE TIMES, CITING MEMO; 23/03/2018 – Boeing says it won’t appeal a trade ruling on Bombardier

Since February 8, 2018, it had 0 insider buys, and 6 sales for $18.83 million activity. The insider Smith Gregory D sold $12.17M. 4,500 The Boeing Company (NYSE:BA) shares with value of $1.48M were sold by Sands Diana L. $762,543 worth of stock was sold by Hyslop Gregory L on Monday, May 7. The insider LUTTIG J MICHAEL sold $3.10M. Verbeck Robert E sold $948,261 worth of The Boeing Company (NYSE:BA) on Friday, May 4.

Analysts await The Boeing Company (NYSE:BA) to report earnings on July, 25. They expect $3.41 earnings per share, up 33.73% or $0.86 from last year’s $2.55 per share. BA’s profit will be $1.99 billion for 26.68 P/E if the $3.41 EPS becomes a reality. After $3.64 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts -6.32% negative EPS growth.

More notable recent The Boeing Company (NYSE:BA) news were published by: 247Wallst.com which released: “Boeing Joint Venture Goes After Honeywell, United Technologies” on June 04, 2018, also Seekingalpha.com with their article: “Boeing: I Continue To See Upside” published on May 23, 2018, Seekingalpha.com published: “Earnings Growth On The Horizon For Boeing” on June 06, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Seekingalpha.com and their article: “‘Micro union’ vote at Boeing plant” published on May 31, 2018 as well as Fool.com‘s news article titled: “Boeing’s Order Momentum Continued in May” with publication date: June 13, 2018.

Premier Asset Managment Llc, which manages about $446.54 million US Long portfolio, upped its stake in Zions Bancorporation (NASDAQ:ZION) by 73,719 shares to 249,974 shares, valued at $11.04M in 2018Q1, according to the filing. It also increased its holding in Universal Display Corp (NASDAQ:OLED) by 7,955 shares in the quarter, for a total of 38,090 shares, and has risen its stake in Lumentum Hldgs Inc.

Among 27 analysts covering Boeing (NYSE:BA), 19 have Buy rating, 1 Sell and 7 Hold. Therefore 70% are positive. Boeing had 118 analyst reports since August 26, 2015 according to SRatingsIntel. Seaport Global maintained it with “Buy” rating and $330.0 target in Wednesday, January 3 report. The firm earned “Buy” rating on Wednesday, April 4 by Robert W. Baird. Credit Suisse upgraded The Boeing Company (NYSE:BA) on Thursday, July 27 to “Outperform” rating. RBC Capital Markets maintained the shares of BA in report on Thursday, October 22 with “Sector Perform” rating. The company was maintained on Wednesday, October 18 by Canaccord Genuity. Jefferies maintained The Boeing Company (NYSE:BA) rating on Tuesday, May 30. Jefferies has “Buy” rating and $20000 target. The stock of The Boeing Company (NYSE:BA) earned “Buy” rating by Cowen & Co on Monday, July 17. On Friday, August 4 the stock rating was maintained by UBS with “Neutral”. The company was maintained on Wednesday, January 31 by RBC Capital Markets. As per Thursday, July 27, the company rating was maintained by Robert W. Baird.

Investors sentiment decreased to 0.66 in Q1 2018. Its down 0.13, from 0.79 in 2017Q4. It dived, as 60 investors sold BA shares while 691 reduced holdings. 128 funds opened positions while 368 raised stakes. 360.90 million shares or 3.37% less from 373.50 million shares in 2017Q4 were reported. Hanson Mcclain stated it has 0.1% of its portfolio in The Boeing Company (NYSE:BA). Connecticut-based Matarin Limited Liability Corporation has invested 0% in The Boeing Company (NYSE:BA). Centurylink Management Com accumulated 3,048 shares. Mengis Mngmt Inc stated it has 0.28% of its portfolio in The Boeing Company (NYSE:BA). Exchange Capital Mngmt Inc, Michigan-based fund reported 1,606 shares. Maple Capital Mgmt invested in 1,767 shares. Bridgeway Mgmt Inc invested 0.2% of its portfolio in The Boeing Company (NYSE:BA). Tocqueville Asset Mngmt LP holds 121,299 shares or 0.51% of its portfolio. Logan reported 23,424 shares. Roundview Capital Limited Liability Corp invested 0.43% of its portfolio in The Boeing Company (NYSE:BA). Smith Asset Mngmt Grp Incorporated Lp invested 2.98% of its portfolio in The Boeing Company (NYSE:BA). Guardian Mgmt owns 6,989 shares. California State Teachers Retirement Systems has invested 0.67% in The Boeing Company (NYSE:BA). Lazard Asset Mngmt Limited Liability Company, a New York-based fund reported 315,104 shares. Sfe Counsel, a California-based fund reported 8,214 shares.

Investors sentiment increased to 1.18 in Q1 2018. Its up 0.15, from 1.03 in 2017Q4. It increased, as 31 investors sold CDW shares while 126 reduced holdings. 59 funds opened positions while 126 raised stakes. 134.05 million shares or 1.41% less from 135.97 million shares in 2017Q4 were reported. Pub Employees Retirement Association Of Colorado holds 29,242 shares. Fmr Limited Liability Corp holds 0.05% or 6.45M shares. Victory Management stated it has 0.13% of its portfolio in CDW Corporation (NASDAQ:CDW). Missouri-based Stifel has invested 0.03% in CDW Corporation (NASDAQ:CDW). Moreover, Metropolitan Life Insur Co has 0% invested in CDW Corporation (NASDAQ:CDW). Zuckerman Investment Gp Ltd holds 0.92% or 51,293 shares. Eaton Vance Mgmt holds 0.27% or 1.53M shares in its portfolio. Lpl Fin Limited Liability Company has 0% invested in CDW Corporation (NASDAQ:CDW). Utd Cap Financial Advisers Ltd Liability Corp holds 0.02% of its portfolio in CDW Corporation (NASDAQ:CDW) for 35,356 shares. State Board Of Administration Of Florida Retirement Sys has 191,859 shares. Quantitative Systematic Strategies has invested 0.28% of its portfolio in CDW Corporation (NASDAQ:CDW). Cambridge Rech Incorporated reported 4,780 shares. Tributary Capital Mngmt Limited Liability Com accumulated 31,100 shares or 0.18% of the stock. Da Davidson & has invested 0.01% in CDW Corporation (NASDAQ:CDW). Jpmorgan Chase Co has 0.06% invested in CDW Corporation (NASDAQ:CDW).

Renaissance Group Llc, which manages about $2.94B US Long portfolio, decreased its stake in Carnival Corp (NYSE:CCL) by 19,494 shares to 514,497 shares, valued at $33.74 million in 2018Q1, according to the filing. It also reduced its holding in Texas Instruments Inc (NASDAQ:TXN) by 94,438 shares in the quarter, leaving it with 296,678 shares, and cut its stake in American Express Co (NYSE:AXP).

Another recent and important CDW Corporation (NASDAQ:CDW) news was published by Nasdaq.com which published an article titled: “CDW to Present at the NASDAQ 38th Investor Conference” on May 30, 2018.

CDW Corporation (NASDAQ:CDW) Institutional Positions Chart

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