Sonata Capital Group Inc. cut its stake in shares of Boeing Co. (NYSE:BA) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,751 shares of the aircraft producer’s stock after selling 100 shares during the period. Sonata Capital Group Inc.’s holdings in Boeing were worth $617,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of 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 period. Franklin Resources Inc. raised its position in shares of 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 period. BlackRock Group LTD raised its position in shares of Boeing by 5.9% in the first quarter. BlackRock Group LTD now owns 4,481,880 shares of the aircraft producer’s stock valued at $568,928,000 after buying an additional 248,233 shares during the period. Ruffer LLP raised its position in shares of Boeing by 10.5% in the first quarter. Ruffer LLP now owns 3,013,198 shares of the aircraft producer’s stock valued at $382,691,000 after buying an additional 285,386 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Boeing during the second quarter valued at $316,346,000. 75.46% of the stock is owned by institutional investors.
Boeing Co. (NYSE:BA) traded up 1.82% on Wednesday, hitting $134.66. The company’s stock had a trading volume of 3,137,532 shares. The firm has a 50 day moving average of $131.33 and a 200 day moving average of $131.10. The firm has a market cap of $84.00 billion, a price-to-earnings ratio of 24.24 and a beta of 1.03. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.59.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
Several equities analysts have weighed in on BA shares. JPMorgan Chase & Co. set a $140.00 price objective on Boeing and gave the company a “neutral” rating in a report on Monday, July 4th. Jefferies Group reissued a “buy” rating and set a $165.00 price objective on shares of Boeing in a report on Friday, August 19th. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $129.80 price objective for the company in a report on Monday, August 1st. Goldman Sachs Group Inc. set a $100.00 price objective on Boeing and gave the company a “sell” rating in a report on Friday, July 22nd. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $148.00 price objective on shares of Boeing in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $147.18.
In other Boeing news, Director Randall L. Stephenson purchased 1,871 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $133.89 per share, with a total value of $250,508.19. Following the acquisition, the director now owns 3,721 shares in the company, valued at $498,204.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction 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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