Boeing Co (BA) Holdings Trimmed by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC trimmed its stake in shares of Boeing Co (NYSE:BA) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,815 shares of the aircraft producer’s stock after selling 372 shares during the quarter. Boeing makes up about 2.0% of Pillar Pacific Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Pillar Pacific Capital Management LLC’s holdings in Boeing were worth $17,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in Boeing by 7.7% in the 2nd quarter. IFP Advisors Inc now owns 29,966 shares of the aircraft producer’s stock valued at $10,054,000 after acquiring an additional 2,137 shares during the period. Van Hulzen Asset Management LLC increased its position in Boeing by 52.4% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 1,454 shares of the aircraft producer’s stock valued at $488,000 after acquiring an additional 500 shares during the period. Donaldson Capital Management LLC increased its position in Boeing by 1.0% in the 2nd quarter. Donaldson Capital Management LLC now owns 105,528 shares of the aircraft producer’s stock valued at $35,406,000 after acquiring an additional 1,073 shares during the period. Marcus Capital LLC increased its position in Boeing by 27.3% in the 2nd quarter. Marcus Capital LLC now owns 1,400 shares of the aircraft producer’s stock valued at $470,000 after acquiring an additional 300 shares during the period. Finally, Highland Private Wealth Management acquired a new position in Boeing in the 2nd quarter valued at approximately $418,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research report on Thursday, July 26th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Cowen restated a “buy” rating and issued a $445.00 price target on shares of Boeing in a research report on Monday, October 1st. UBS Group upped their price target on shares of Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $393.00 price target for the company in a research report on Monday, July 16th. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $401.25.

Shares of NYSE BA opened at $385.77 on Tuesday. The firm has a market cap of $213.66 billion, a P/E ratio of 32.04, a P/E/G 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. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11.

Boeing (NYSE:BA) last issued its earnings results 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 company had revenue of $24.26 billion for the quarter, compared to the consensus estimate of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.55 earnings per share. Equities research analysts predict that Boeing Co will post 14.6 earnings per share for the current fiscal year.

Boeing 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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