Community Bank N.A. decreased its stake in Boeing Co (NYSE:BA) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,765 shares of the aircraft producer’s stock after selling 173 shares during the period. Community Bank N.A.’s holdings in Boeing were worth $507,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Public Investment Fund acquired a new position in Boeing in the 1st quarter worth about $713,677,000. Capital World Investors increased its stake in shares of Boeing by 15.1% in the first quarter. Capital World Investors now owns 30,555,090 shares of the aircraft producer’s stock valued at $4,556,991,000 after buying an additional 3,997,531 shares during the period. Loomis Sayles & Co. L P raised its holdings in Boeing by 372,990.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,152,612 shares of the aircraft producer’s stock valued at $470,180,000 after buying an additional 3,151,767 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in Boeing during the 1st quarter worth approximately $48,135,000. Finally, Capital International Investors grew its holdings in Boeing by 7.7% during the 1st quarter. Capital International Investors now owns 10,734,838 shares of the aircraft producer’s stock worth $1,600,997,000 after acquiring an additional 769,205 shares during the last quarter. Hedge funds and other institutional investors own 61.66% of the company’s stock.
A number of brokerages have recently commented on BA. Cowen reiterated a “hold” rating on shares of Boeing in a report on Sunday, June 7th. Norddeutsche Landesbank downgraded Boeing to a “sell” rating and set a $110.00 target price on the stock. in a report on Tuesday, May 5th. Susquehanna Bancshares decreased their price target on Boeing from $240.00 to $210.00 in a research note on Thursday. Royal Bank of Canada raised their price objective on Boeing from $164.00 to $194.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, TheStreet cut Boeing from a “c-” rating to a “d” rating in a report on Wednesday, April 29th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and a consensus price target of $217.38.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 29th. The aircraft producer reported ($4.79) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.93) by ($1.86). Boeing had a negative net margin of 4.27% and a negative return on equity of 3.08%. The firm had revenue of $11.81 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period last year, the business posted ($5.82) EPS. The company’s revenue was down 25.0% on a year-over-year basis. On average, equities analysts expect that Boeing Co will post -6.26 EPS for the current year.
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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