Boeing Co. (BA) Shares Sold by Community Trust & Investment Co.
Community Trust & Investment Co. cut its position in shares of Boeing Co. (NYSE:BA) by 21.7% during the third quarter, Holdings Channel reports. The institutional investor owned 104,764 shares of the aircraft producer’s stock after selling 29,054 shares during the period. Boeing makes up 1.8% of Community Trust & Investment Co.’s holdings, making the stock its 26th largest position. Community Trust & Investment Co.’s holdings in Boeing were worth $13,802,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BA. Jacobs & Co. CA raised its stake in shares of Boeing by 2.4% in the third quarter. Jacobs & Co. CA now owns 58,655 shares of the aircraft producer’s stock worth $7,727,000 after buying an additional 1,363 shares during the period. Fisher Asset Management LLC raised its stake in shares of Boeing by 35.1% in the third quarter. Fisher Asset Management LLC now owns 290,778 shares of the aircraft producer’s stock worth $38,307,000 after buying an additional 75,528 shares during the period. Naples Global Advisors LLC raised its stake in shares of Boeing by 1.1% in the third quarter. Naples Global Advisors LLC now owns 24,216 shares of the aircraft producer’s stock worth $3,190,000 after buying an additional 271 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Boeing by 11.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 162,241 shares of the aircraft producer’s stock worth $21,374,000 after buying an additional 16,881 shares during the period. Finally, Gradient Investments LLC raised its stake in shares of Boeing by 4.2% in the third quarter. Gradient Investments LLC now owns 2,469 shares of the aircraft producer’s stock worth $325,000 after buying an additional 100 shares during the period. Institutional investors own 72.90% of the company’s stock.
Boeing Co. (NYSE:BA) traded up 0.0478% during mid-day trading on Wednesday, hitting $151.7125. The company had a trading volume of 1,276,096 shares. The firm has a market capitalization of $93.63 billion, a PE ratio of 23.1834 and a beta of 1.02. Boeing Co. has a 1-year low of $102.10 and a 1-year high of $153.08. The company has a 50 day moving average of $141.96 and a 200 day moving average of $133.86.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.89. Boeing had a net margin of 4.52% and a return on equity of 126.01%. The firm earned $23.90 billion during the quarter, compared to the consensus estimate of $23.73 billion. During the same quarter last year, the firm earned $2.52 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. Analysts predict that Boeing Co. will post $7.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Tuesday, November 8th. Boeing’s payout ratio is 66.36%.
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A number of research firms have issued reports on BA. Societe Generale set a $148.00 target price on Boeing and gave the stock a “neutral” rating in a research report on Friday, October 28th. Vertical Research began coverage on Boeing in a research report on Friday, October 28th. They issued a “hold” rating for the company. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $142.21 target price for the company. in a research report on Thursday, November 24th. TheStreet raised Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Finally, Robert W. Baird began coverage on Boeing in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $161.00 target price for the company. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $147.99.
In other Boeing news, EVP J Michael Luttig sold 200,754 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $142.46, for a total value of $28,599,414.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.
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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