City State Bank Has $382,000 Stake in The Boeing Company $BA

City State Bank decreased its stake in shares of The Boeing Company (NYSE:BA) by 6.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,822 shares of the aircraft producer’s stock after selling 133 shares during the period. City State Bank’s holdings in Boeing were worth $382,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BA. Kingstone Capital Partners Texas LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $378,459,000. Vanguard Group Inc. increased its holdings in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Strs Ohio acquired a new position in shares of Boeing during the 1st quarter valued at about $98,984,000. Canada Pension Plan Investment Board increased its holdings in shares of Boeing by 243.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock valued at $128,689,000 after acquiring an additional 535,060 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Boeing by 938.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock valued at $116,669,000 after acquiring an additional 503,193 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.5%

Shares of BA stock opened at $221.13 on Friday. The stock has a 50 day moving average of $221.68 and a two-hundred day moving average of $210.01. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market capitalization of $167.21 billion, a P/E ratio of -13.39 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) 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 the consensus estimate of $20.13 billion. During the same period in the prior year, the company earned ($2.90) EPS. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BA. UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Sanford C. Bernstein raised their target price on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $242.32.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired 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 of the company’s stock, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade 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 company insiders.

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.