ST Germain D J Co. Inc. Has $366,000 Holdings in The Boeing Company $BA

ST Germain D J Co. Inc. boosted its position in shares of The Boeing Company (NYSE:BA) by 7.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,749 shares of the aircraft producer’s stock after purchasing an additional 125 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Boeing were worth $366,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vestcor Inc lifted its holdings in Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after buying an additional 1,195 shares in the last quarter. National Pension Service lifted its holdings in Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after buying an additional 218,049 shares in the last quarter. Wynn Capital LLC acquired a new position in Boeing during the 1st quarter worth $584,000. MFG Wealth Management Inc. acquired a new position in Boeing during the 1st quarter worth $2,125,000. Finally, Kelman Lazarov Inc. acquired a new position in Boeing during the 1st quarter worth $262,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BA. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and increased their price target for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $230.77.

Boeing Stock Up 3.6%

BA opened at $221.28 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a fifty day simple moving average of $226.53 and a 200 day simple moving average of $202.84. The stock has a market cap of $167.32 billion, a P/E ratio of -13.40 and a beta of 1.48.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the business posted ($2.90) EPS. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

About Boeing

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.