Savant Capital LLC Decreases Position in Boeing Co. (BA)
Savant Capital LLC reduced its position in shares of Boeing Co. (NYSE:BA) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,067 shares of the aircraft producer’s stock after selling 1,433 shares during the period. Savant Capital LLC’s holdings in Boeing were worth $918,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Badgley Phelps & Bell Inc. raised its stake in shares of Boeing by 5.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 79,105 shares of the aircraft producer’s stock worth $10,042,000 after buying an additional 4,262 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in shares of Boeing by 3.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 1,766 shares of the aircraft producer’s stock worth $224,000 after buying an additional 52 shares during the last quarter. Tiemann Investment Advisors LLC raised its stake in shares of Boeing by 1.0% in the first quarter. Tiemann Investment Advisors LLC now owns 2,640 shares of the aircraft producer’s stock worth $335,000 after buying an additional 25 shares during the last quarter. Virginia Retirement System acquired a new stake in shares of Boeing during the first quarter worth approximately $6,984,000. Finally, Nisa Investment Advisors L.L.C. raised its stake in shares of Boeing by 6.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 230,514 shares of the aircraft producer’s stock worth $29,261,000 after buying an additional 13,450 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
Boeing Co. (NYSE:BA) traded down 0.18% during trading on Thursday, reaching $134.42. The company’s stock had a trading volume of 3,614,860 shares. The stock has a market cap of $83.85 billion, a P/E ratio of 24.20 and a beta of 1.03. The company’s 50 day moving average price is $131.42 and its 200-day moving average price is $131.13. Boeing Co. has a 1-year low of $102.10 and a 1-year high of $150.59.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.48. The firm had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Equities analysts forecast that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
A number of equities research analysts have commented on BA shares. Citigroup Inc. decreased their price objective on Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, September 19th. Goldman Sachs Group Inc. set a $107.00 price target on Boeing and gave the company a “sell” rating in a report on Tuesday, August 30th. Jefferies Group reiterated a “positive” rating and set a $165.00 price target on shares of Boeing in a report on Friday, September 30th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $145.00 price target on shares of Boeing in a report on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing currently has an average rating of “Hold” and an average target price of $147.94.
In related news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randall L. Stephenson bought 1,871 shares of Boeing stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now owns 3,721 shares of the company’s stock, valued at $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co. (NYSE:BA).
Receive News & Ratings for Boeing Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Co. and related companies with MarketBeat.com's FREE daily email newsletter.