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Boeing Co (BA) Shareholder Osterweis Capital Management Has Cut Position by $12.55 Million; Holder Gibraltar Capital Management Has Raised Freeport (FCX) Holding

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John Osterweis decreased its stake in Boeing Co (BA) by 28.21% based on its latest 2018Q1 regulatory filing with the SEC. Osterweis Capital Management Inc sold 38,368 shares as the company’s stock declined 0.93% with the market. The hedge fund run by John Osterweis held 97,655 shares of the aerospace company at the end of 2018Q1, valued at $32.02 million, down from 136,023 at the end of the previous reported quarter. Osterweis Capital Management Inc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $198.10 billion market cap company. The stock increased 0.71% or $2.39 during the last trading session, reaching $340.05. About 551,420 shares traded. The Boeing Company (NYSE:BA) has risen 92.49% since June 22, 2017 and is uptrending. It has outperformed by 79.92% the S&P500. Some Historical BA News: 18/04/2018 – WestJet to ‘accelerate’ fan blade inspections following fatal Southwest accident; 09/05/2018 – NO SAFER WAY TO MOVE THAN TO FLY: BOEING CEO MUILENBURG; 22/03/2018 – AVIATION CAPITAL TAKES DELIVERY OF SECOND BOEING 787 DREAMLINER; 04/05/2018 – AMAG AUSTRIA METALL AG AMAV.Vl – AMAG RENEWS MULTI-YEAR SUPPLY CONTRACT WITH BOEING; 18/05/2018 – Boeing’s Sci-Fi Foldable Wing Design for New 777s Gets Go Ahead; 08/05/2018 – Boeing may lose $20 billion in aircraft deals as Iran pact collapses; 05/03/2018 – BOEING EXEC SAYS 40 PCT OF ORDERS FOR 737 MAX 10 ARE INCREMENTAL, 25 PCT CONVERTED FROM MAX 9 ORDERS, 35 PCT CONVERTED FROM MAX 8; 12/04/2018 – Boeing CEO Takes Playful Jab at Musk’s Rocket-Launched Tesla; 25/04/2018 – BOEING SAYS 787 PRODUCTION OF 14 A MONTH IS WELL SUPPORTED BY RECENT ORDERS – CONF CALL; 08/03/2018 – BOEING CEO BELIEVES CHINA, U.S. ARE MOTIVATED TO HAVE PRODUCTIVE TRADE RELATIONSHIP

Gibraltar Capital Management Inc increased its stake in Freeport (FCX) by 7.61% based on its latest 2018Q1 regulatory filing with the SEC. Gibraltar Capital Management Inc bought 25,540 shares as the company’s stock declined 12.54% with the market. The institutional investor held 361,110 shares of the basic industries company at the end of 2018Q1, valued at $6.35M, up from 335,570 at the end of the previous reported quarter. Gibraltar Capital Management Inc who had been investing in Freeport for a number of months, seems to be bullish on the $24.17 billion market cap company. The stock increased 1.96% or $0.32 during the last trading session, reaching $16.68. About 1.77M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 45.98% since June 22, 2017 and is uptrending. It has outperformed by 33.41% the S&P500. Some Historical FCX News: 28/04/2018 – Texas Emissions: 282889 – DOW TEXAS OPERATIONS FREEPORT; 31/05/2018 – GOLAR LNG LTD – LOOKING FURTHER AHEAD, A 9-MONTH DELAY TO START-UP OF 13.2MTPA FREEPORT LNG PLANT HAS BEEN CONFIRMED; 11/05/2018 – INDONESIA ISSUES DECREE REQUIRING SPECIAL MINING PERMIT HOLDERS PRODUCING FOR AT LEAST 5 YRS TO DIVEST 51 PCT TO INDONESIAN ENTITIES BY 2019; 06/03/2018 – FREEPORT-MCMORAN INC FCX.N : UBS RAISES TARGET PRICE TO $18.50 FROM $14; 11/04/2018 – REG-Yara and BASF open world-scale ammonia plant in Freeport, Texas; 15/05/2018 – FREEPORT SAYS RIO IS DISCUSSING VALUE IN TALKS WITH INDONESIA; 11/03/2018 – US Coast Guard: Imagery Available: Coast Guard, good Samaritan rescues 4 people 15 miles southeast of Freeport, Bahamas; 24/04/2018 – FREEPORT SEES HIGHER INPUT COSTS MITIGATED BY EFFICIENCIES: CEO; 15/05/2018 – Freeport Fears Ease as CEO Signals Waste Resolution (Correct); 11/04/2018 – YARA INTERNATIONAL ASA YAR.OL – YARA FREEPORT LLC IS OWNED 68 PERCENT BY YARA AND 32 PERCENT BY BASF

More notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Fool.com which released: “Is Freeport-McMoRan, Inc. a Buy?” on June 18, 2018, also Seekingalpha.com with their article: “Freeport-McMoRan: Strong Potential” published on June 05, 2018, Seekingalpha.com published: “OPEC Meeting, Saudi Aramco And The State Of Commodities” on June 20, 2018. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Seekingalpha.com and their article: “Freeport-McMoRan: Update On Bullish Thesis” published on June 07, 2018 as well as 247Wallst.com‘s news article titled: “Jefferies Says Buy Mining and Commodities Stocks on Trade Policy Worries” with publication date: June 22, 2018.

Gibraltar Capital Management Inc, which manages about $250.37 million and $117.96 million US Long portfolio, decreased its stake in Alphabet Inc by 489 shares to 4,745 shares, valued at $4.90 million in 2018Q1, according to the filing. It also reduced its holding in Cisco Sys Inc (NASDAQ:CSCO) by 17,688 shares in the quarter, leaving it with 82,350 shares, and cut its stake in Micron Technology Inc (NASDAQ:MU).

Among 24 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 5 Sell and 13 Hold. Therefore 25% are positive. Freeport-McMoran Copper & Gold had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Monday, October 23 by Cowen & Co. The stock has “Neutral” rating by UBS on Tuesday, March 6. The firm earned “Hold” rating on Wednesday, February 3 by Argus Research. The rating was upgraded by Berenberg to “Hold” on Wednesday, March 22. The stock has “Buy” rating by Deutsche Bank on Saturday, August 29. The stock has “Neutral” rating by IBC on Monday, January 22. The firm has “Equal-Weight” rating given on Wednesday, March 30 by Barclays Capital. Morgan Stanley maintained the shares of FCX in report on Monday, March 26 with “Equal-Weight” rating. The stock has “Hold” rating by BMO Capital Markets on Monday, December 18. B. Riley & Co maintained the stock with “Neutral” rating in Thursday, April 26 report.

Since January 31, 2018, it had 0 insider buys, and 1 insider sale for $419,125 activity.

Investors sentiment increased to 1.07 in Q1 2018. Its up 0.15, from 0.92 in 2017Q4. It improved, as 36 investors sold FCX shares while 222 reduced holdings. 95 funds opened positions while 180 raised stakes. 1.00 billion shares or 1.38% more from 989.88 million shares in 2017Q4 were reported. Contrarius Limited holds 6.34M shares or 5.31% of its portfolio. Grassi Mgmt accumulated 79,000 shares. Adams Diversified Equity Fund owns 414,700 shares. Fny Managed Accounts Limited Liability Com reported 594 shares. Ntv Asset Limited Co has 36,148 shares. Perigon Wealth Mngmt Lc holds 41 shares or 0% of its portfolio. Independent owns 14,774 shares for 0.1% of their portfolio. The Washington-based Tradewinds Cap Lc has invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). Next Fin Group Inc stated it has 23,330 shares or 0.09% of all its holdings. Sigma Planning owns 0.02% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 18,015 shares. Essex Investment Management Limited Company has invested 0.41% in Freeport-McMoRan Inc. (NYSE:FCX). Benjamin F Edwards & invested in 7,754 shares or 0.01% of the stock. Beach Inv Mgmt Ltd Llc reported 1.17% in Freeport-McMoRan Inc. (NYSE:FCX). Menta Cap Limited Liability Corporation stated it has 0.32% in Freeport-McMoRan Inc. (NYSE:FCX). Cetera Advisor Ltd Llc accumulated 0.01% or 16,435 shares.

More notable recent The Boeing Company (NYSE:BA) news were published by: Seekingalpha.com which released: “FedEx’s Multi-Billion Order: Sign Of Confidence” on June 21, 2018, also 247Wallst.com with their article: “Boeing, Air Force Agree on KC-46A Tanker Delivery Date” published on June 21, 2018, Seekingalpha.com published: “797 Announcement Will Increase Boeing Stock Price” on June 18, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: Seekingalpha.com and their article: “Reuters: Canada could make it harder for US to win fighter jet bid” published on June 21, 2018 as well as Seekingalpha.com‘s news article titled: “Boeing Optimizes Defense Products” with publication date: June 15, 2018.

Osterweis Capital Management Inc, which manages about $1.62 billion and $1.41 billion US Long portfolio, upped its stake in Summit Matls Inc by 36,610 shares to 110,600 shares, valued at $3.35M in 2018Q1, according to the filing. It also increased its holding in Rapid7 Inc by 19,665 shares in the quarter, for a total of 205,025 shares, and has risen its stake in Brookfield Asset Mgmt Inc (NYSE:BAM).

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. The firm has “Buy” rating given on Monday, July 24 by Cowen & Co. The firm has “Hold” rating by Wells Fargo given on Tuesday, December 12. Jefferies maintained the stock with “Buy” rating in Monday, January 8 report. The stock has “Hold” rating by Wells Fargo on Thursday, April 26. The firm has “Hold” rating by Canaccord Genuity given on Thursday, October 26. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by Canaccord Genuity on Wednesday, July 26. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Wednesday, January 3 by Seaport Global. The rating was maintained by Robert W. Baird with “Buy” on Thursday, July 27. As per Thursday, March 29, the company rating was maintained by Robert W. Baird. The stock of The Boeing Company (NYSE:BA) has “Outperform” rating given on Thursday, April 26 by Credit Suisse.

Since February 8, 2018, it had 0 insider purchases, and 6 sales for $18.83 million activity. Verbeck Robert E sold 2,840 shares worth $948,261. $373,379 worth of stock was sold by CAPOZZI HEIDI B on Thursday, May 3. 4,500 The Boeing Company (NYSE:BA) shares with value of $1.48M were sold by Sands Diana L. 9,000 The Boeing Company (NYSE:BA) shares with value of $3.10M were sold by LUTTIG J MICHAEL. $762,543 worth of stock was sold by Hyslop Gregory L on Monday, May 7.

Investors sentiment decreased to 0.66 in Q1 2018. Its down 0.13, from 0.79 in 2017Q4. It worsened, 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. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.48% in The Boeing Company (NYSE:BA). Godsey Gibb stated it has 3.5% in The Boeing Company (NYSE:BA). Argent Trust Co invested in 2.23% or 23,671 shares. Grace White New York, New York-based fund reported 30,750 shares. Apg Asset Management Nv holds 0.82% of its portfolio in The Boeing Company (NYSE:BA) for 1.60 million shares. Nomura Asset Management owns 1.02% invested in The Boeing Company (NYSE:BA) for 283,882 shares. 17,144 are held by Aull And Monroe Management Corp. State Teachers Retirement reported 951,469 shares. Two Sigma Secs Limited Liability Company has 18,062 shares for 0.03% of their portfolio. Hirtle Callaghan And Company Limited Liability accumulated 8,100 shares or 0.25% of the stock. 14,631 were reported by Bluefin Trading Ltd Liability. Navellier reported 19,881 shares. The California-based Schnieders Capital Mngmt Ltd Limited Liability Company has invested 1.11% in The Boeing Company (NYSE:BA). Arrowstreet Capital Lp holds 2.1% or 2.80 million shares. Dorsey Wright And Associate holds 27,894 shares.

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 $1.99B for 24.93 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.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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