Bbva Compass Bancshares Inc. Sells 354 Shares of Boeing Co. (BA)
Bbva Compass Bancshares Inc. cut its position in Boeing Co. (NYSE:BA) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 12,183 shares of the aircraft producer’s stock after selling 354 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Boeing were worth $1,582,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of BA. FTB Advisors Inc. boosted its position in Boeing by 313.0% in the second quarter. FTB Advisors Inc. now owns 23,544 shares of the aircraft producer’s stock worth $3,056,000 after buying an additional 17,843 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in Boeing by 1.8% in the second quarter. Tradewinds Capital Management LLC now owns 10,400 shares of the aircraft producer’s stock worth $1,351,000 after buying an additional 188 shares in the last quarter. Signaturefd LLC boosted its position in Boeing by 4.1% in the second quarter. Signaturefd LLC now owns 17,415 shares of the aircraft producer’s stock worth $2,262,000 after buying an additional 678 shares in the last quarter. Glenview State Bank Trust DEPT. boosted its position in Boeing by 78.4% in the second quarter. Glenview State Bank Trust DEPT. now owns 3,414 shares of the aircraft producer’s stock worth $443,000 after buying an additional 1,500 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Boeing by 1.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,022 shares of the aircraft producer’s stock worth $263,000 after buying an additional 20 shares in the last quarter. 75.49% of the stock is owned by institutional investors and hedge funds.
Shares of Boeing Co. (NYSE:BA) traded up 0.36% during mid-day trading on Monday, reaching $133.98. 1,556,407 shares of the company were exchanged. The stock has a 50 day moving average price of $131.37 and a 200-day moving average price of $131.19. The stock has a market capitalization of $83.58 billion, a P/E ratio of 24.12 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) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The company had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. During the same quarter last year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Boeing Co. will post $6.29 earnings per share for the current year.
A number of research firms recently commented 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 note on Thursday, July 28th. Canaccord Genuity boosted their price objective on shares of Boeing from $140.00 to $144.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Jefferies Group reissued a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research report on Friday, August 19th. Robert W. Baird began coverage on shares of Boeing in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $161.00 price objective for the company. Finally, Barclays PLC lowered their price objective on shares of Boeing from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, October 6th. Two research 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. The company presently has an average rating of “Hold” and a consensus target price of $147.94.
In related news, Director Randall L. Stephenson acquired 1,871 shares of the business’s stock in a transaction on Monday, August 1st. The shares were bought at an average price of $133.89 per share, with a total value of $250,508.19. Following the completion of the acquisition, the director now owns 3,721 shares in the company, valued at $498,204.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Diana L. Sands sold 14,151 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was 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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