Investment Centers of America Inc. purchased a new stake in shares of Boeing Co. (NYSE:BA) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 24,804 shares of the aircraft producer’s stock, valued at approximately $3,208,000. Boeing makes up approximately 0.6% of Investment Centers of America Inc.’s investment portfolio, making the stock its 28th largest position.
A number of other large investors also recently bought and sold shares of BA. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Boeing during the second quarter valued at approximately $168,000. Loomis Sayles & Co. L P increased its stake in shares of Boeing by 82.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,513 shares of the aircraft producer’s stock worth $192,000 after buying an additional 682 shares during the last quarter. CWM LLC increased its stake in shares of Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock worth $192,000 after buying an additional 282 shares during the last quarter. Hudock Capital Group LLC increased its stake in shares of Boeing by 4.2% in the second quarter. Hudock Capital Group LLC now owns 1,553 shares of the aircraft producer’s stock worth $201,000 after buying an additional 62 shares during the last quarter. Finally, Maryland Capital Management purchased a new stake in shares of Boeing during the first quarter worth about $203,000. 75.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Boeing Co. (NYSE:BA) traded down 0.39% during trading on Monday, hitting $131.27. 337,042 shares of the stock were exchanged. Boeing Co. has a 52-week low of $102.10 and a 52-week high of $150.59. The firm has a 50 day moving average of $131.66 and a 200-day moving average of $130.78. The stock has a market cap of $81.89 billion, a PE ratio of 23.63 and a beta of 1.06.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.48. The firm had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Equities research analysts anticipate that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $148.00 price objective on shares of Boeing in a research report on Friday. Jefferies Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research report on Thursday. Citigroup Inc. reduced their price objective on shares of Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, September 19th. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $126.07 price objective for the company in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. set a $107.00 price objective on shares of Boeing and gave the stock a “sell” rating in a research report on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.23.
In related news, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $133.06, for a total value of $1,882,932.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall L. Stephenson acquired 1,871 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was acquired at an average cost of $133.89 per share, with a total value of $250,508.19. Following the completion of the purchase, the director now owns 3,721 shares of the company’s stock, valued at $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by insiders.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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