Calamos Advisors LLC lowered its stake in shares of Boeing Co. (NYSE:BA) by 34.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,565 shares of the aircraft producer’s stock after selling 111,307 shares during the period. Calamos Advisors LLC’s holdings in Boeing were worth $27,086,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Palouse Capital Management Inc. raised its position in shares of Boeing by 23.4% in the second quarter. Palouse Capital Management Inc. now owns 56,183 shares of the aircraft producer’s stock valued at $7,296,000 after buying an additional 10,646 shares during the period. Aviance Capital Management LLC raised its position in shares of Boeing by 6.5% in the second quarter. Aviance Capital Management LLC now owns 13,101 shares of the aircraft producer’s stock valued at $1,701,000 after buying an additional 803 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of Boeing by 11.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 46,045 shares of the aircraft producer’s stock valued at $5,980,000 after buying an additional 4,706 shares during the period. Prospera Financial Services Inc raised its position in shares of Boeing by 14.5% in the second quarter. Prospera Financial Services Inc now owns 5,008 shares of the aircraft producer’s stock valued at $650,000 after buying an additional 633 shares during the period. Finally, Genesee Valley Trust Co. purchased a new position in shares of Boeing during the second quarter valued at $330,000. 75.46% of the stock is owned by institutional investors and hedge funds.
Shares of Boeing Co. (NYSE:BA) traded up 0.54% during mid-day trading on Friday, hitting $131.74. The stock had a trading volume of 3,118,877 shares. Boeing Co. has a 52-week low of $102.10 and a 52-week high of $150.59. The stock has a market cap of $82.18 billion, a P/E ratio of 23.72 and a beta of 1.06. The company’s 50 day moving average is $131.52 and its 200-day moving average is $131.05.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. 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 company posted $1.62 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
BA has been the subject of a number of analyst reports. Jefferies Group reaffirmed a “positive” rating and issued a $6.20 price target (down from $165.00) on shares of Boeing in a report on Friday. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a report on Wednesday. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $148.00 price target on shares of Boeing in a report on Friday, September 23rd. Citigroup Inc. cut their price target on Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a report on Monday, September 19th. Finally, Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $126.07 price objective for the company in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $139.24.
In other news, Director Randall L. Stephenson acquired 1,871 shares of Boeing stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average cost of $133.89 per share, with a total value of $250,508.19. Following the transaction, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here. 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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