Whittier Trust Co. of Nevada Inc. boosted its position in shares of Boeing Co. (NYSE:BA) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,029 shares of the aircraft producer’s stock after buying an additional 2,014 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Boeing were worth $7,277,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its position 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 valued at $192,000 after buying an additional 682 shares during the period. CWM LLC boosted 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 valued at $192,000 after buying an additional 282 shares in the last quarter. Maryland Capital Management acquired a new stake in shares of Boeing during the first quarter valued at about $203,000. Quadrant Capital Group LLC boosted its stake in shares of Boeing by 16.0% in the second quarter. Quadrant Capital Group LLC now owns 1,635 shares of the aircraft producer’s stock valued at $205,000 after buying an additional 226 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Boeing by 19.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,708 shares of the aircraft producer’s stock valued at $222,000 after buying an additional 275 shares in the last quarter. 75.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Boeing Co. (NYSE:BA) traded down 0.42% on Friday, reaching $133.85. 4,302,031 shares of the company traded hands. The firm has a 50-day moving average of $131.38 and a 200-day moving average of $131.14. Boeing Co. has a 52-week low of $102.10 and a 52-week high of $150.59. The company has a market capitalization of $83.50 billion, a PE ratio of 24.10 and a beta of 1.03.
Boeing (NYSE:BA) last issued its quarterly earnings data 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 earned $24.80 million during 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 firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 EPS. On average, equities research analysts forecast that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on BA. Goldman Sachs Group Inc. set a $107.00 price target on shares of Boeing and gave the stock a “sell” rating in a research report on Thursday, July 28th. Morgan Stanley began coverage on shares of Boeing in a research report on Thursday, June 23rd. They set an “overweight” rating and a $153.00 price target on the stock. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $126.07 price target on the stock. in a research report on Wednesday, August 24th. Canaccord Genuity raised their target price on shares of Boeing from $140.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $133.53 target price (down previously from $165.00) on shares of Boeing in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $147.94.
In other Boeing news, Director Randall L. Stephenson purchased 1,871 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was bought at an average price 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 in the company, valued at approximately $498,204.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction 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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