Community Bank & Trust Waco Texas lowered its stake in shares of Boeing Co. (NYSE:BA) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 8,990 shares of the aircraft producer’s stock after selling 150 shares during the period. Community Bank & Trust Waco Texas’ holdings in Boeing were worth $1,168,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Boeing during the second quarter valued at approximately $316,346,000. Franklin Resources Inc. raised its position in Boeing by 67.9% in the first quarter. Franklin Resources Inc. now owns 4,906,313 shares of the aircraft producer’s stock valued at $622,808,000 after buying an additional 1,984,650 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Boeing during the first quarter valued at $76,827,000. Scopia Capital Management LP acquired a new position in Boeing during the first quarter valued at $38,707,000. Finally, Geode Capital Management LLC raised its position in Boeing by 5.8% in the first quarter. Geode Capital Management LLC now owns 5,524,347 shares of the aircraft producer’s stock valued at $699,957,000 after buying an additional 304,674 shares during the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.
Boeing Co. (NYSE:BA) traded down 0.10% during midday trading on Tuesday, reaching $132.25. The company had a trading volume of 2,829,188 shares. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.59. The stock has a market cap of $82.50 billion, a P/E ratio of 23.81 and a beta of 1.03. The firm has a 50-day moving average of $131.43 and a 200-day moving average of $131.10.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.48. The firm had revenue of $24.80 million for the quarter, compared to the consensus estimate of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 earnings per share. On average, equities analysts expect that Boeing Co. will post $6.29 EPS for the current fiscal year.
BA has been the topic of several recent analyst reports. JPMorgan Chase & Co. set a $140.00 price target on Boeing and gave the company a “neutral” rating in a research report on Monday, July 4th. Jefferies Group reissued a “buy” rating and set a $165.00 price target on shares of Boeing in a research report on Friday, August 19th. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $129.80 price target on the stock in a research report on Monday, August 1st. Goldman Sachs Group Inc. set a $100.00 price target on Boeing and gave the company a “sell” rating in a research report on Friday, July 22nd. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $148.00 price target on shares of Boeing in a research report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Boeing has an average rating of “Hold” and a consensus target price of $147.18.
In other Boeing news, Director Randall L. Stephenson purchased 1,871 shares of the stock in a transaction on Monday, August 1st. The shares were purchased at an average price of $133.89 per share, with a total value of $250,508.19. Following the completion of the transaction, the director now directly owns 3,721 shares in the company, valued at $498,204.69. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $133.06, for a total value of $1,882,932.06. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
Boeing Company Profile
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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