Bristol Gate Capital Partners Inc. decreased its position in shares of Boeing Co. (NYSE:BA) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,790 shares of the aircraft producer’s stock after selling 4,448 shares during the period. Boeing accounts for about 4.7% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 15th largest position. Bristol Gate Capital Partners Inc.’s holdings in Boeing were worth $26,206,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Panagora Asset Management Inc. boosted its position 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 worth $144,633,000 after buying an additional 215,276 shares during the period. Rothschild Investment Corp IL boosted its stake in Boeing by 2.6% in the second quarter. Rothschild Investment Corp IL now owns 90,321 shares of the aircraft producer’s stock valued at $11,730,000 after buying an additional 2,250 shares during the last quarter. First Quadrant L P CA boosted its stake in Boeing by 991.8% in the second quarter. First Quadrant L P CA now owns 133,200 shares of the aircraft producer’s stock valued at $17,299,000 after buying an additional 121,000 shares during the last quarter. Heritage Investors Management Corp boosted its stake in Boeing by 5.2% in the second quarter. Heritage Investors Management Corp now owns 115,504 shares of the aircraft producer’s stock valued at $15,001,000 after buying an additional 5,659 shares during the last quarter. Finally, Scopia Capital Management LP purchased a new stake in Boeing during the first quarter valued at approximately $38,707,000. Institutional investors own 75.49% of the company’s stock.
Shares of Boeing Co. (NYSE:BA) traded up 0.82% during mid-day trading on Tuesday, hitting $135.10. 2,263,512 shares of the stock were exchanged. The firm has a market cap of $84.28 billion, a price-to-earnings ratio of 24.32 and a beta of 1.03. Boeing Co. has a 1-year low of $102.10 and a 1-year high of $150.59. The company’s 50-day moving average is $131.42 and its 200-day moving average is $131.26.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.48. The company earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. Equities research analysts anticipate that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
Several research firms have commented on BA. Goldman Sachs Group Inc. set a $107.00 target price on shares of Boeing and gave the stock a “sell” rating in a research note on Thursday, July 28th. Morgan Stanley began coverage on shares of Boeing in a research note on Thursday, June 23rd. They issued an “overweight” rating and a $153.00 target price for the company. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $126.07 target price for the company. in a research note on Wednesday, August 24th. Canaccord Genuity lifted their target price on shares of Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $133.53 target price (down from $165.00) on shares of Boeing in a research note on Friday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 cost of $133.89 per share, with a total value of $250,508.19. Following the completion of the acquisition, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 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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