Boeing Co Com (BA) Shareholder Indiana Trust & Investment Management Co Has Trimmed Its Stake; Dolby Laboratories (DLB) Holder Price Michael F Has Cut Stake by $5.58 Million as Share Price Rose

April 23, 2018 - By Stephen Andrade

Dolby Laboratories, Inc. (NYSE:DLB) Logo

Indiana Trust & Investment Management Co decreased its stake in Boeing Co Com (BA) by 17.37% based on its latest 2017Q4 regulatory filing with the SEC. Indiana Trust & Investment Management Co sold 1,201 shares as the company’s stock rose 8.82% while stock markets declined. The institutional investor held 5,712 shares of the aerospace company at the end of 2017Q4, valued at $1.69 million, down from 6,913 at the end of the previous reported quarter. Indiana Trust & Investment Management Co who had been investing in Boeing Co Com for a number of months, seems to be less bullish one the $198.88 billion market cap company. The stock decreased 0.58% or $1.97 during the last trading session, reaching $338.67. About 3.04 million shares traded. The Boeing Company (NYSE:BA) has risen 82.35% since April 23, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Michael Price decreased its stake in Dolby Laboratories Inc. (DLB) by 10.61% based on its latest 2017Q4 regulatory filing with the SEC. Price Michael F sold 90,000 shares as the company’s stock rose 2.14% while stock markets declined. The hedge fund run by Michael Price held 758,255 shares of the multi-sector company at the end of 2017Q4, valued at $47.01M, down from 848,255 at the end of the previous reported quarter. Price Michael F who had been investing in Dolby Laboratories Inc. for a number of months, seems to be less bullish one the $7.03 billion market cap company. The stock decreased 1.22% or $0.84 during the last trading session, reaching $67.87. About 544,873 shares traded or 19.36% up from the average. Dolby Laboratories, Inc. (NYSE:DLB) has risen 24.18% since April 23, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Since February 8, 2018, it had 0 buys, and 1 insider sale for $12.17 million activity.

Among 25 analysts covering Boeing (NYSE:BA), 18 have Buy rating, 1 Sell and 6 Hold. Therefore 72% are positive. Boeing had 111 analyst reports since August 26, 2015 according to SRatingsIntel. Morgan Stanley initiated the stock with “Overweight” rating in Thursday, June 23 report. On Monday, July 17 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by Seaport Global on Wednesday, January 17 with “Buy”. The firm earned “Hold” rating on Wednesday, July 19 by Bank of America. The rating was maintained by Cowen & Co with “Buy” on Wednesday, June 21. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, January 23. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by Goldman Sachs on Thursday, July 27. The rating was maintained by Credit Suisse with “Buy” on Tuesday, October 24. The firm earned “Hold” rating on Friday, September 1 by RBC Capital Markets. The company was downgraded on Wednesday, October 26 by Standpoint Research.

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25 before the open. They expect $2.56 earnings per share, up 27.36% or $0.55 from last year’s $2.01 per share. BA’s profit will be $1.50B for 33.07 P/E if the $2.56 EPS becomes a reality. After $4.80 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.02, from 0.81 in 2017Q3. It dived, as 65 investors sold BA shares while 614 reduced holdings. 148 funds opened positions while 391 raised stakes. 373.50 million shares or 9.30% less from 411.79 million shares in 2017Q3 were reported. Badgley Phelps Bell invested 1.71% in The Boeing Company (NYSE:BA). Canandaigua Retail Bank Trust Com owns 0.46% invested in The Boeing Company (NYSE:BA) for 8,695 shares. Greenwood Gearhart Incorporated invested 2.52% in The Boeing Company (NYSE:BA). Commonwealth Of Pennsylvania School Empls Retrmt System holds 50,077 shares. The New York-based Northstar has invested 0.18% in The Boeing Company (NYSE:BA). Tiverton Asset Management Limited Liability has 0.1% invested in The Boeing Company (NYSE:BA). Palisade Asset Limited Liability Corp accumulated 0.18% or 3,830 shares. Iat Reinsurance Limited stated it has 1.13% of its portfolio in The Boeing Company (NYSE:BA). Cornerstone Inv Partners Ltd Liability reported 0.03% stake. 30,809 were reported by Renaissance Group Ltd Co. Copeland Cap Mngmt Ltd Limited Liability Company holds 0.55% in The Boeing Company (NYSE:BA) or 29,228 shares. Ubs Asset Management Americas Inc owns 2.22 million shares for 0.55% of their portfolio. Eagleclaw Managment Lc reported 23,340 shares. Pinnacle Wealth Advisory Grp Limited Liability Corp holds 0.99% of its portfolio in The Boeing Company (NYSE:BA) for 6,066 shares. 116,000 were accumulated by Polar Asset Prns Inc.

Since December 15, 2017, it had 0 insider buys, and 16 insider sales for $29.07 million activity. DONATIELLO NICHOLAS JR sold $162,256 worth of stock. $2.30M worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by Baker Giles on Tuesday, February 27. YEAMAN KEVIN J sold $6.23 million worth of stock or 100,000 shares. 81,554 shares valued at $5.10M were sold by SHERMAN MARK ANDREW on Wednesday, February 7. 18,544 shares were sold by GOTCHER PETER C, worth $1.20 million on Wednesday, February 28. 2,617 shares were sold by TEVANIAN AVADIS, worth $162,344.

Analysts await Dolby Laboratories, Inc. (NYSE:DLB) to report earnings on April, 25. They expect $0.65 EPS, up 38.30% or $0.18 from last year’s $0.47 per share. DLB’s profit will be $67.29 million for 26.10 P/E if the $0.65 EPS becomes a reality. After $0.79 actual EPS reported by Dolby Laboratories, Inc. for the previous quarter, Wall Street now forecasts -17.72% negative EPS growth.

Price Michael F, which manages about $804.57 million US Long portfolio, upped its stake in Trinity Place Holdings Inc. (TPHS) by 57,560 shares to 4.32 million shares, valued at $29.99M in 2017Q4, according to the filing. It also increased its holding in S&W Seed Company (NASDAQ:SANW) by 2.31M shares in the quarter, for a total of 6.81M shares, and has risen its stake in Alliance Data Systems Corp (NYSE:ADS).

Dolby Laboratories, Inc. (NYSE:DLB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Stephen Andrade

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: