TD Asset Management Inc Sells 174 Shares of The Boeing Company $BA

TD Asset Management Inc decreased its holdings in The Boeing Company (NYSE:BA) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 321,564 shares of the aircraft producer’s stock after selling 174 shares during the quarter. TD Asset Management Inc’s holdings in Boeing were worth $67,377,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Vestcor Inc raised its position in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service grew its stake in shares of Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares during the period. MFG Wealth Management Inc. bought a new stake in shares of Boeing in the 1st quarter valued at approximately $2,125,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Boeing in the 2nd quarter worth approximately $62,859,000. Finally, Kelman Lazarov Inc. bought a new position in shares of Boeing during the 1st quarter worth approximately $262,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 0.1%

Shares of NYSE:BA opened at $214.08 on Thursday. The firm has a market cap of $161.88 billion, a P/E ratio of -12.97 and a beta of 1.47. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company’s 50-day moving average price is $223.73 and its two-hundred day moving average price is $206.97.

Boeing (NYSE:BA) last announced 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 firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter last year, the firm earned ($2.90) EPS. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted their target price on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $240.20.

Insider Buying and Selling at Boeing

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

Boeing 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.