BlackRock Advisors LLC decreased its position in Boeing Co. (NYSE:BA) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,659 shares of the aircraft producer’s stock after selling 1,960 shares during the period. BlackRock Advisors LLC owned about 0.13% of Boeing worth $101,904,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC raised its stake in shares of Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 180 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Boeing during the second quarter valued at about $168,000. CWM LLC raised its stake in shares of Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock valued at $192,000 after buying an additional 282 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Boeing by 82.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,513 shares of the aircraft producer’s stock valued at $192,000 after buying an additional 682 shares during the period. Finally, Hudock Capital Group LLC raised its stake in shares of Boeing by 4.2% in the second quarter. Hudock Capital Group LLC now owns 1,553 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 62 shares during the period. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Boeing Co. (NYSE:BA) opened at 131.03 on Friday. The stock’s 50 day moving average is $131.56 and its 200 day moving average is $131.01. The company has a market capitalization of $81.74 billion, a PE ratio of 23.59 and a beta of 1.06. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.59.
Boeing (NYSE:BA) last issued its earnings results 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 return on equity of 82.66% and a net margin of 3.84%. The company had revenue of $24.80 million for the quarter, compared to analyst estimates of $23.22 million. During the same period in the prior year, the firm earned $1.62 earnings per share. Boeing’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Boeing Co. will post $6.29 EPS for the current fiscal year.
Several brokerages have issued reports on BA. Goldman Sachs Group Inc. set a $107.00 price target on shares of Boeing and gave the company a “sell” rating in a report on Thursday, July 28th. Morgan Stanley began coverage on shares of Boeing in a report on Thursday, June 23rd. They issued an “overweight” rating and a $153.00 price target on the stock. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $126.07 price target on the stock. in a report on Wednesday, August 24th. Canaccord Genuity boosted their price target on shares of Boeing from $140.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Finally, Jefferies Group reissued a “buy” rating and issued a $133.53 price target (down previously from $165.00) on shares of Boeing in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $147.18.
In related news, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Randall L. Stephenson purchased 1,871 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here. Corporate insiders own 0.58% of the company’s stock.
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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