Evergreen Capital Management LLC held its position in shares of Boeing Co. (NYSE:BA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,250 shares of the aircraft producer’s stock at the end of the second quarter. Evergreen Capital Management LLC’s holdings in Boeing were worth $292,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stillwater Investment Management LLC increased its stake in Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 1,949 shares of the aircraft producer’s stock valued at $253,000 after buying an additional 16 shares during the last quarter. Tiemann Investment Advisors LLC increased its stake in Boeing by 1.0% in the first quarter. Tiemann Investment Advisors LLC now owns 2,640 shares of the aircraft producer’s stock valued at $335,000 after buying an additional 25 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in Boeing by 1.2% in the second quarter. YHB Investment Advisors Inc. now owns 2,472 shares of the aircraft producer’s stock valued at $321,000 after buying an additional 30 shares during the last quarter. Eagle Ridge Investment Management increased its stake in Boeing by 0.5% in the second quarter. Eagle Ridge Investment Management now owns 6,319 shares of the aircraft producer’s stock valued at $821,000 after buying an additional 33 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in Boeing by 0.6% in the second quarter. CHICAGO TRUST Co NA now owns 5,920 shares of the aircraft producer’s stock valued at $769,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Boeing Co. (NYSE:BA) traded up 0.49% on Monday, reaching $132.38. The company’s stock had a trading volume of 2,439,410 shares. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.59. The firm has a 50 day moving average price of $131.50 and a 200 day moving average price of $131.12. The stock has a market capitalization of $82.58 billion, a P/E ratio of 23.83 and a beta of 1.03.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, beating 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 earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. During the same period last year, the firm earned $1.62 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Boeing Co. will post $6.29 EPS for the current year.
Several analysts have weighed in on BA shares. Citigroup Inc. dropped their price target on Boeing from $168.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, September 19th. Goldman Sachs Group Inc. set a $107.00 price objective on Boeing and gave the company a “sell” rating in a report on Tuesday, August 30th. Jefferies Group reissued a “positive” rating and issued a $6.20 price objective (down previously 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 objective for the company in a report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $145.00 price objective on shares of Boeing in a report on Sunday, July 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Boeing has a consensus rating of “Hold” and a consensus price target of $139.24.
In related news, Director Randall L. Stephenson purchased 1,871 shares of Boeing stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the transaction, the director now owns 3,721 shares in the company, valued at $498,204.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction that occurred on Monday, August 1st. The shares were 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. 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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