Sequoia Financial Advisors LLC boosted its stake in Boeing Co. (NYSE:BA) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 2,022 shares of the aircraft producer’s stock after buying an additional 20 shares during the period. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $263,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in 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 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. Maryland Capital Management purchased a new stake in Boeing during the first quarter valued at about $203,000. Quadrant Capital Group LLC raised its stake in Boeing by 16.0% in the second quarter. Quadrant Capital Group LLC now owns 1,635 shares of the aircraft producer’s stock valued at $205,000 after buying an additional 226 shares during the period. Finally, Atlas Brown Inc. purchased a new stake in Boeing during the second quarter valued at about $220,000. 75.49% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Co. (NYSE:BA) traded up 0.80% on Wednesday, hitting $136.18. 2,258,693 shares of the stock were exchanged. The company has a 50-day moving average price of $131.49 and a 200-day moving average price of $131.32. Boeing Co. has a 52-week low of $102.10 and a 52-week 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.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.48. The company had revenue of $24.80 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. On average, equities research analysts anticipate that Boeing Co. will post $6.29 EPS for the current fiscal year.
Several analysts have issued reports on the stock. Vetr lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $133.41 price target on the stock. in a research report on Thursday, June 30th. Canaccord Genuity upped their price target on shares of Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $145.00 price target on shares of Boeing in a research report on Sunday, July 31st. Bank of America Corp. reiterated an “underperform” rating and issued a $125.00 price objective on shares of Boeing in a report on Wednesday, July 6th. Finally, Argus reiterated a “buy” rating and issued a $155.00 price objective on shares of Boeing in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $147.94.
In other Boeing news, Director Randall L. Stephenson bought 1,871 shares of the stock in a transaction dated Monday, August 1st. The shares were bought at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction dated Monday, August 1st. The stock was 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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