Boeing Company (The) (BA) Shares Sold by IMS Capital Management

IMS Capital Management lowered its position in Boeing Company (The) (NYSE:BA) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,790 shares of the aircraft producer’s stock after selling 97 shares during the quarter. IMS Capital Management’s holdings in Boeing Company (The) were worth $354,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in Boeing Company (The) by 46.4% in the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock worth $956,000 after purchasing an additional 1,532 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new position in Boeing Company (The) in the second quarter worth approximately $504,000. LLBH Private Wealth Management LLC grew its stake in Boeing Company (The) by 3.6% in the second quarter. LLBH Private Wealth Management LLC now owns 7,670 shares of the aircraft producer’s stock worth $1,517,000 after purchasing an additional 270 shares in the last quarter. State of Wisconsin Investment Board grew its stake in Boeing Company (The) by 23.2% in the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock worth $117,989,000 after purchasing an additional 112,520 shares in the last quarter. Finally, Fishman Jay A Ltd. MI grew its stake in Boeing Company (The) by 701.4% in the second quarter. Fishman Jay A Ltd. MI now owns 44,680 shares of the aircraft producer’s stock worth $8,835,000 after purchasing an additional 39,105 shares in the last quarter. 72.05% of the stock is currently owned by institutional investors.

BA has been the topic of several research analyst reports. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG increased their price objective on Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Berenberg Bank set a $245.00 target price on Boeing Company (The) and gave the company a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Boeing Company (The) in a research report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a “sell” rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $242.67.

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Boeing Company (BA) opened at 266.00 on Wednesday. The firm’s 50 day moving average price is $253.55 and its 200-day moving average price is $216.98. The stock has a market cap of $157.23 billion, a price-to-earnings ratio of 23.30 and a beta of 1.21. Boeing Company has a 1-year low of $136.72 and a 1-year high of $267.21.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Boeing Company will post $10.04 earnings per share for the current year.

In other news, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock valued at $20,353,814 in the last quarter. Insiders own 0.28% of the company’s stock.

Boeing Company (The) Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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