The Boeing Company (NYSE:BA) Shares Sold by Hyman Charles D

Hyman Charles D lessened its holdings in shares of The Boeing Company (NYSE:BA) by 39.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,224 shares of the aircraft producer’s stock after selling 4,775 shares during the quarter. Hyman Charles D’s holdings in Boeing were worth $1,315,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Catalyst Financial Partners LLC increased its holdings in Boeing by 17.2% in the second quarter. Catalyst Financial Partners LLC now owns 1,629 shares of the aircraft producer’s stock valued at $296,000 after buying an additional 239 shares during the last quarter. Hills Bank & Trust Co raised its position in shares of Boeing by 1.9% during the 2nd quarter. Hills Bank & Trust Co now owns 8,951 shares of the aircraft producer’s stock valued at $1,629,000 after acquiring an additional 164 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Boeing by 3.5% during the second quarter. Raymond James Trust N.A. now owns 22,117 shares of the aircraft producer’s stock worth $4,026,000 after purchasing an additional 757 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Boeing by 9.3% in the second quarter. Capital Advisors Ltd. LLC now owns 1,041 shares of the aircraft producer’s stock worth $190,000 after purchasing an additional 89 shares during the period. Finally, Northcape Wealth Management LLC raised its holdings in shares of Boeing by 5.0% during the second quarter. Northcape Wealth Management LLC now owns 3,709 shares of the aircraft producer’s stock worth $675,000 after purchasing an additional 178 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.8 %

NYSE:BA traded down $1.41 during trading hours on Monday, reaching $173.55. 4,028,922 shares of the company’s stock were exchanged, compared to its average volume of 7,945,540. The company has a market capitalization of $106.54 billion, a P/E ratio of -48.89 and a beta of 1.56. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The business’s 50-day simple moving average is $178.38 and its two-hundred day simple moving average is $182.87.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the company posted ($0.82) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. UBS Group lowered their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird dropped their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $215.18.

Boeing Company Profile

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