Will Boeing’s Dreamliner Groundings Give These Top Institutional Shareholders A Reason To Worry?
Boeing Co. (NYSE:BA) has been dealt a body blow to their image. All Nippon Airways Co and Japan Airlines Company took the unprecedented step of grounding their respective Dreamliner fleets after an All Nippon 787 made an emergency landing in Japan earlier today due to a battery fault and the smell of smoke in the cockpit. The incident came on the heels of another mishap involving a Japan Airlines Dreamliner last week when a battery in the aircraft caught fire. United States aviation regulators have already ordered a review into the design and manufacturing processes of the 787. The Japanese Transport Ministry viewed the emergency landing as a serious incident. In a related development, India’s Director General of Civil Aviation said the regulator will make a decision on whether to ground their recently purchased Dreamliners after they receive a safety status report from Boeing today.
Will Boeing Co.’s shareholders decrease their holdings? They reported owning a total of 5.457 million shares on 12/31/2012. The shares closed at $75.36 on 12/31/2012.
Here are the ten largest positions in Boeing Co. at the end of December 31st, 2012.
Atalanta Sosnoff Capital LLC. held 743,802 shares on 12/31/2012 worth $56,052,919. This brought the portfolio total to 1.38%.
Commerzbank Aktiengesellschaft /FI held 546,945 shares on 12/31/2012 worth $41,217,776. This brought the portfolio total to 0.32%.
Chevy Chase Trust Holdings Inc. held 499,317 shares on 12/31/2012 worth $37,628,529. This brought the portfolio total to 0.36%.
Honeywell International Inc. held 455,000 shares on 12/31/2012 worth $34,288,800. This brought the portfolio total to 1.16%.
Texas Permanent School Fund held 375,365 shares on 12/31/2012 worth $28,287,507. This brought the portfolio total to 0.31%.
First American Bank held 225,000 shares on 12/31/2012 worth $226,000. This brought the portfolio total to 0.04%.
Exxonmobil Investment Management Inc. /TX held 217,171 shares on 12/31/2012 worth $16,366,007. This brought the portfolio total to 0.4%.
Royal London Asset Management Ltd. held 169,404 shares on 12/31/2012 worth $12,766,286. This brought the portfolio total to 0.45%.
Kempner Capital Management Inc. held 142,400 shares on 12/31/2012 worth $10,731,264. This brought the portfolio total to 4.52%.
First Citizens Bank & Trust Co. held 131,650 shares on 12/31/2012 worth $9,921,144. This brought the portfolio total to 0.34%.
Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.