Signaturefd LLC boosted its stake in shares of Boeing Co. (NYSE:BA) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,415 shares of the aircraft producer’s stock after buying an additional 678 shares during the period. Boeing comprises approximately 0.3% of Signaturefd LLC’s holdings, making the stock its 25th largest position. Signaturefd LLC’s holdings in Boeing were worth $2,262,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in shares of Boeing during the second quarter valued at $316,346,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Boeing during the first quarter valued at $76,827,000. Scopia Capital Management LP purchased a new stake in shares of Boeing during the first quarter valued at $38,707,000. Geode Capital Management LLC raised its stake in shares of Boeing by 5.8% in the first quarter. Geode Capital Management LLC now owns 5,524,347 shares of the aircraft producer’s stock valued at $699,957,000 after buying an additional 304,674 shares in the last quarter. Finally, Ruffer LLP raised its stake in shares of Boeing by 10.5% in the first quarter. Ruffer LLP now owns 3,013,198 shares of the aircraft producer’s stock valued at $382,691,000 after buying an additional 285,386 shares in the last quarter. 75.49% of the stock is owned by hedge funds and other institutional investors.
Boeing Co. (NYSE:BA) traded up 0.80% during trading on Wednesday, hitting $136.18. 2,258,182 shares of the stock were exchanged. The stock has a 50 day moving average price of $131.49 and a 200-day moving average price of $131.32. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.59. The firm has a market capitalization of $84.95 billion, a PE ratio of 24.51 and a beta of 1.03.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) 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 analysts’ expectations of $23.22 million. During the same period last year, the firm earned $1.62 earnings per share. The business’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 several recent research reports. Goldman Sachs Group Inc. set a $107.00 target price on Boeing and gave the company a “sell” rating in a report on Tuesday, August 30th. Vetr lowered Boeing from a “hold” rating to a “sell” rating and set a $126.07 target price for the company. in a report on Wednesday, August 24th. Jefferies Group reaffirmed a “buy” rating and set a $133.53 target price (down from $165.00) on shares of Boeing in a report on Friday, July 22nd. JPMorgan Chase & Co. set a $140.00 target price on Boeing and gave the company a “neutral” rating in a report on Monday, July 4th. Finally, Citigroup Inc. lowered their target price on Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a report on Monday, September 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $147.94.
In other news, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randall L. Stephenson purchased 1,871 shares of Boeing stock in a transaction dated Monday, August 1st. The shares were purchased at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the completion of the transaction, the director now owns 3,721 shares of the company’s stock, valued at $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by company 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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