Markston International LLC Sells 3,952 Shares of Boeing Co. (BA)
Markston International LLC decreased its stake in Boeing Co. (NYSE:BA) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,685 shares of the aircraft producer’s stock after selling 3,952 shares during the period. Boeing comprises about 2.4% of Markston International LLC’s portfolio, making the stock its 4th largest position. Markston International LLC’s holdings in Boeing were worth $25,154,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of BA. Raymond James Trust N.A. raised its stake in Boeing by 44.1% in the first quarter. Raymond James Trust N.A. now owns 21,857 shares of the aircraft producer’s stock valued at $2,775,000 after buying an additional 6,686 shares during the last quarter. UMB Bank N A MO raised its stake in Boeing by 1.1% in the first quarter. UMB Bank N A MO now owns 148,578 shares of the aircraft producer’s stock valued at $18,861,000 after buying an additional 1,621 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in Boeing by 16.9% in the first quarter. Cornerstone Investment Partners LLC now owns 668,046 shares of the aircraft producer’s stock valued at $84,802,000 after buying an additional 96,676 shares during the last quarter. Lodestar Investment Counsel LLC IL raised its stake in Boeing by 117.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 3,659 shares of the aircraft producer’s stock valued at $464,000 after buying an additional 1,976 shares during the last quarter. Finally, Douglas Lane & Associates LLC acquired a new stake in Boeing during the first quarter valued at approximately $542,000. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Boeing Co. (NYSE:BA) traded up 0.49% during trading on Monday, reaching $132.38. 2,439,410 shares of the company traded hands. The firm has a 50-day moving average price of $131.50 and a 200-day moving average price of $131.12. The company has a market capitalization of $82.58 billion, a P/E ratio of 23.83 and a beta of 1.03. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.59.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business earned $24.80 million during the quarter, compared to analysts’ expectations of $23.22 million. During the same period in the previous year, the business posted $1.62 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Boeing Co. will post $6.29 earnings per share for the current fiscal year.
Several equities research analysts recently commented on BA shares. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $127.88 price objective on the stock. in a research note on Monday, June 6th. Deutsche Bank AG reissued a “buy” rating and set a $160.00 price objective on shares of Boeing in a research note on Monday, June 20th. Jefferies Group reiterated a “buy” rating and issued a $165.00 target price on shares of Boeing in a research note on Tuesday, June 21st. Morgan Stanley assumed coverage on shares of Boeing in a research note on Thursday, June 23rd. They issued an “overweight” rating and a $153.00 target price on the stock. Finally, JPMorgan Chase & Co. set a $140.00 target price on shares of Boeing and gave the stock a “neutral” rating in a research note on Monday, July 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Boeing currently has an average rating of “Hold” and a consensus price target of $139.24.
In other Boeing news, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction of $1,882,932.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall L. Stephenson acquired 1,871 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were acquired at an average price of $133.89 per share, with a total value of $250,508.19. Following the completion of the purchase, the director now owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase can be found here. Company insiders own 0.58% of the company’s stock.
Boeing Company Profile
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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