Prospera Financial Services Inc boosted its stake in shares of Boeing Co. (NYSE:BA) by 14.5% during the second quarter, Holdings Channel reports. The firm owned 5,008 shares of the aircraft producer’s stock after buying an additional 633 shares during the period. Prospera Financial Services Inc’s holdings in Boeing were worth $650,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P increased its position 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 worth $192,000 after buying an additional 682 shares during the last quarter. CWM LLC increased its position in Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock worth $192,000 after buying an additional 282 shares during the last quarter. Maryland Capital Management bought a new position in Boeing during the first quarter worth about $203,000. Benjamin F. Edwards & Company Inc. increased its position in Boeing by 19.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,708 shares of the aircraft producer’s stock worth $222,000 after buying an additional 275 shares during the last quarter. Finally, Evanson Asset Management LLC increased its position in Boeing by 2.4% in the second quarter. Evanson Asset Management LLC now owns 1,719 shares of the aircraft producer’s stock worth $223,000 after buying an additional 41 shares during the last quarter. 75.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Boeing Co. (NYSE:BA) traded up 0.57% during trading on Tuesday, hitting $131.32. 1,939,020 shares of the company’s stock were exchanged. The company has a market cap of $81.92 billion, a P/E ratio of 23.64 and a beta of 1.06. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.59. The company has a 50-day moving average of $131.60 and a 200-day moving average of $131.00.
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, beating analysts’ consensus estimates of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The firm had revenue of $24.80 million for the quarter, compared to analyst estimates of $23.22 million. During the same period last year, the firm posted $1.62 EPS. Boeing’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
A number of brokerages have weighed in on BA. Goldman Sachs Group Inc. set a $107.00 price objective on shares of Boeing and gave the stock 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 objective on the stock. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $126.07 price objective on the stock. in a report on Wednesday, August 24th. Canaccord Genuity upped their price objective on shares of Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Finally, Jefferies Group restated a “buy” rating and issued a $133.53 price objective (down previously from $165.00) on shares of Boeing in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. Boeing has an average rating of “Hold” and an average target price of $147.23.
In related news, Director Randall L. Stephenson bought 1,871 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 3,721 shares of the company’s stock, valued at $498,204.69. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Diana L. Sands sold 14,151 shares of the business’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 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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