Talbot Financial LLC grew its position in The Boeing Company (NYSE:BA – Free Report) by 5,580.5% in the third quarter, Holdings Channel reports. The fund owned 54,533 shares of the aircraft producer’s stock after acquiring an additional 53,573 shares during the quarter. Talbot Financial LLC’s holdings in Boeing were worth $10,146,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of BA. Highland Investment Advisors LLC acquired a new stake in shares of Boeing during the second quarter valued at about $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $27,000. Bell Investment Advisors Inc acquired a new position in shares of Boeing in the second quarter valued at approximately $29,000. Bayban bought a new position in Boeing in the 4th quarter valued at approximately $29,000. Finally, Security National Bank of SO Dak bought a new position in Boeing in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
Boeing Trading Up 0.5%
Shares of Boeing stock traded up $0.87 during midday trading on Monday, reaching $191.08. The company had a trading volume of 2,543,110 shares, compared to its average volume of 6,800,154. The stock has a fifty day moving average price of $204.93 and a 200 day moving average price of $215.76. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a market cap of $151.03 billion, a PE ratio of 82.72 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.
Boeing (NYSE:BA – Get Free Report) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.24) EPS. On average, equities analysts anticipate that The Boeing Company will post -0.96 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their price target on shares of Boeing from $265.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday. The Goldman Sachs Group downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Jefferies Financial Group dropped their price target on shares of Boeing from $295.00 to $265.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Finally, Cantor Fitzgerald lowered shares of Boeing to a “neutral” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.96.
Check Out Our Latest Research Report on BA
Boeing Company Profile
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.
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