Boeing Co. (BA) Stake Reduced by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado decreased its stake in Boeing Co. (NYSE:BA) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 228,463 shares of the aircraft producer’s stock after selling 13,310 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $29,670,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in BA. CWM LLC increased its position in shares of Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock valued at $192,000 after buying an additional 282 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Boeing by 82.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,513 shares of the aircraft producer’s stock valued at $192,000 after buying an additional 682 shares during the period. Maryland Capital Management bought a new position in shares of Boeing during the first quarter valued at about $203,000. Quadrant Capital Group LLC increased its position in shares of Boeing by 16.0% in the second quarter. Quadrant Capital Group LLC now owns 1,635 shares of the aircraft producer’s stock valued at $205,000 after buying an additional 226 shares during the period. Finally, Atlas Brown Inc. bought a new position in shares of Boeing during the second quarter valued at about $220,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.
Boeing Co. (NYSE:BA) traded down 1.80% on Tuesday, reaching $133.40. 2,478,068 shares of the company were exchanged. The firm has a 50-day moving average of $131.42 and a 200 day moving average of $131.12. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.59. The firm has a market capitalization of $83.22 billion, a P/E ratio of 24.01 and a beta of 1.03.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.48. The business had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. On average, equities analysts predict that Boeing Co. will post $6.29 earnings per share for the current year.
Several brokerages have recently issued reports on BA. Vetr upgraded shares of Boeing from a “sell” rating to a “hold” rating and set a $129.80 price target for the company in a report on Monday, July 25th. Canaccord Genuity increased their price objective on Boeing from $140.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Deutsche Bank AG restated a “buy” rating and issued a $160.00 price objective on shares of Boeing in a report on Monday, June 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $145.00 price objective on shares of Boeing in a report on Sunday, July 31st. Finally, Bank of America Corp. restated an “underperform” rating and issued a $125.00 price objective on shares of Boeing in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $147.94.
In other news, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $133.06, for a total value of $1,882,932.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Randall L. Stephenson bought 1,871 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by company insiders.
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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