Boeing Co. (BA) Shares Sold by Chatham Capital Group Inc.
Chatham Capital Group Inc. decreased its stake in Boeing Co. (NYSE:BA) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 40,568 shares of the aircraft producer’s stock after selling 542 shares during the period. Boeing accounts for 1.6% of Chatham Capital Group Inc.’s portfolio, making the stock its 18th largest position. Chatham Capital Group Inc.’s holdings in Boeing were worth $5,269,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. FDO Partners LLC acquired a new stake in Boeing during the first quarter valued at about $1,097,000. Franklin Resources Inc. boosted its stake in 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. Woodstock Corp acquired a new stake in Boeing during the first quarter valued at about $1,286,000. Institutional Capital LLC boosted its stake in Boeing by 5.9% in the first quarter. Institutional Capital LLC now owns 2,367,722 shares of the aircraft producer’s stock valued at $300,558,000 after buying an additional 131,263 shares during the period. Finally, BlackRock Group LTD boosted its stake in 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. 75.45% of the stock is owned by institutional investors.
Boeing Co. (NYSE:BA) traded up 0.09% during mid-day trading on Friday, hitting $133.50. The stock had a trading volume of 2,317,429 shares. The firm has a market cap of $83.28 billion, a PE ratio of 24.03 and a beta of 1.03. The company has a 50-day moving average of $131.37 and a 200-day moving average of $131.19. 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, topping analysts’ consensus estimates of ($0.92) by $0.48. The business 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 business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. Analysts expect that Boeing Co. will post $6.29 earnings per share for the current year.
Several equities research analysts have issued reports on BA shares. Deutsche Bank AG reissued a “buy” rating and set a $160.00 target price on shares of Boeing in a research note on Monday, June 20th. Vetr cut Boeing from a “hold” rating to a “sell” rating and set a $127.41 price objective for the company. in a research note on Monday, June 20th. Jefferies Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research note on Tuesday, June 21st. Morgan Stanley started coverage on Boeing in a research note on Thursday, June 23rd. They issued an “overweight” rating and a $153.00 price objective for the company. Finally, JPMorgan Chase & Co. set a $140.00 price objective on Boeing and gave the company a “neutral” rating in a research note on Monday, July 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $147.94.
In related 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 cost of $133.89 per share, for a total transaction of $250,508.19. Following the acquisition, the director now owns 3,721 shares in the company, valued at $498,204.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction on Monday, August 1st. The shares were 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. 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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