Capital Analysts LLC Sells 1,575 Shares of Boeing Co (BA)

Capital Analysts LLC lessened its position in shares of Boeing Co (NYSE:BA) by 30.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,528 shares of the aircraft producer’s stock after selling 1,575 shares during the period. Capital Analysts LLC’s holdings in Boeing were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in Boeing in the fourth quarter valued at about $366,000. Sensato Investors LLC increased its holdings in Boeing by 171.5% in the fourth quarter. Sensato Investors LLC now owns 61,900 shares of the aircraft producer’s stock valued at $18,255,000 after buying an additional 39,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Boeing by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 129,551 shares of the aircraft producer’s stock valued at $38,206,000 after buying an additional 4,419 shares during the last quarter. Adalta Capital Management LLC bought a new stake in Boeing in the fourth quarter valued at about $3,406,000. Finally, Meadow Creek Investment Management LLC increased its holdings in Boeing by 9.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 93,632 shares of the aircraft producer’s stock valued at $27,613,000 after buying an additional 8,162 shares during the last quarter. 69.71% of the stock is owned by institutional investors.

Shares of NYSE BA opened at $385.77 on Tuesday. The company has a debt-to-equity ratio of -7.65, a current ratio of 1.11 and a quick ratio of 0.32. The company has a market cap of $213.66 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39. Boeing Co has a 12-month low of $254.50 and a 12-month high of $394.28.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The business had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.55 earnings per share. On average, analysts predict that Boeing Co will post 14.6 earnings per share for the current year.

Several analysts recently weighed in on BA shares. Morgan Stanley set a $400.00 price objective on Boeing and gave the company a “hold” rating in a report on Friday, September 28th. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 price objective on shares of Boeing in a report on Sunday, July 29th. Goldman Sachs Group set a $375.00 target price on Boeing and gave the company a “neutral” rating in a report on Wednesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $455.00 target price on shares of Boeing in a report on Thursday, July 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $430.00 target price on shares of Boeing in a report on Monday, September 3rd. Six research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $401.25.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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