Boeing Co. (BA) Position Maintained by American Research & Management Co.
American Research & Management Co. held its stake in shares of Boeing Co. (NYSE:BA) during the second quarter, Holdings Channel reports. The firm owned 1,555 shares of the aircraft producer’s stock at the end of the second quarter. American Research & Management Co.’s holdings in Boeing were worth $202,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in BA. Geode Capital Management LLC raised its stake in shares of Boeing by 5.8% in the first quarter. Geode Capital Management LLC now owns 5,524,347 shares of the aircraft producer’s stock valued at $699,957,000 after buying an additional 304,674 shares in the last quarter. Ruffer LLP raised its stake in shares of Boeing by 10.5% in the first quarter. Ruffer LLP now owns 3,013,198 shares of the aircraft producer’s stock valued at $382,691,000 after buying an additional 285,386 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Boeing during the second quarter valued at approximately $316,346,000. Panagora Asset Management Inc. raised its stake in shares of Boeing by 23.3% in the first quarter. Panagora Asset Management Inc. now owns 1,139,382 shares of the aircraft producer’s stock valued at $144,633,000 after buying an additional 215,276 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of Boeing by 2.8% in the first quarter. Aviva PLC now owns 671,919 shares of the aircraft producer’s stock valued at $85,294,000 after buying an additional 18,253 shares in the last quarter. Institutional investors and hedge funds own 75.49% of the company’s stock.
Boeing Co. (NYSE:BA) traded up 0.80% during trading on Wednesday, hitting $136.18. 2,258,682 shares of the stock were exchanged. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.59. The firm has a market cap of $84.95 billion, a PE ratio of 24.51 and a beta of 1.03. The stock’s 50-day moving average price is $131.49 and its 200-day moving average price is $131.32.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, beating the Thomson Reuters’ 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%. Boeing’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. On average, equities analysts expect that Boeing Co. will post $6.29 EPS for the current year.
BA has been the topic of several research analyst reports. Citigroup Inc. cut their price target on shares of Boeing from $168.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, September 19th. Jefferies Group restated a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research note on Saturday, October 8th. Goldman Sachs Group Inc. set a $107.00 price objective on shares of Boeing and gave the company a “sell” rating in a research note on Tuesday, August 30th. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Wednesday, September 28th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $145.00 price objective on shares of Boeing in a research note on Sunday, July 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $147.94.
In other news, SVP Diana L. Sands sold 14,151 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction of $1,882,932.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall L. Stephenson acquired 1,871 shares of Boeing stock in a transaction dated Monday, August 1st. The shares were acquired at an average price of $133.89 per share, with a total value of $250,508.19. Following the transaction, the director now owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase 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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