Boston Advisors LLC maintained its position in shares of Boeing Co. (NYSE:BA) during the second quarter, Holdings Channel reports. The firm owned 5,133 shares of the aircraft producer’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Boeing were worth $667,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Financial Services Inc boosted its stake in shares of Boeing by 14.5% in the second quarter. Prospera Financial Services Inc now owns 5,008 shares of the aircraft producer’s stock worth $650,000 after buying an additional 633 shares during the period. Genesee Valley Trust Co. bought a new stake in shares of Boeing during the second quarter worth $330,000. First Merchants Corp boosted its stake in shares of Boeing by 29.7% in the second quarter. First Merchants Corp now owns 2,875 shares of the aircraft producer’s stock worth $373,000 after buying an additional 659 shares during the period. Grimes & Company Inc. boosted its stake in shares of Boeing by 22.7% in the second quarter. Grimes & Company Inc. now owns 46,412 shares of the aircraft producer’s stock worth $6,027,000 after buying an additional 8,595 shares during the period. Finally, Pitcairn Co. boosted its stake in shares of Boeing by 1.8% in the second quarter. Pitcairn Co. now owns 3,345 shares of the aircraft producer’s stock worth $434,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 75.46% of the company’s stock.
Boeing Co. (NYSE:BA) traded down 0.10% during trading on Tuesday, hitting $132.25. 2,829,188 shares of the company traded hands. The firm has a market capitalization of $82.50 billion, a P/E ratio of 23.81 and a beta of 1.03. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.59. The stock has a 50-day moving average price of $131.43 and a 200-day moving average price of $131.10.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.48. The company had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. Boeing’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Equities analysts expect that Boeing Co. will post $6.29 EPS for the current fiscal year.
Several analysts have recently commented on the company. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Group restated a “positive” rating and set a $165.00 target price on shares of Boeing in a report on Friday. Credit Suisse Group AG restated a “neutral” rating and set a $148.00 target price on shares of Boeing in a report on Friday, September 23rd. Citigroup Inc. decreased their target price on Boeing from $168.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, September 19th. Finally, Vetr upgraded Boeing from a “sell” rating to a “hold” rating and set a $126.07 target price on the stock in a report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and a consensus target price of $147.18.
In related news, Director Randall L. Stephenson purchased 1,871 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were acquired at an average cost of $133.89 per share, with a total value of $250,508.19. Following the purchase, the director now directly owns 3,721 shares of the company’s stock, valued at $498,204.69. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of Boeing 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. Corporate insiders own 0.58% of the company’s stock.
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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