Cullinan Associates Inc. reduced its stake in Boeing Company (The) (NYSE:BA) by 21.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,471 shares of the aircraft producer’s stock after selling 4,550 shares during the period. Cullinan Associates Inc.’s holdings in Boeing Company (The) were worth $3,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in shares of Boeing Company (The) by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after acquiring an additional 402 shares during the period. MCF Advisors LLC lifted its stake in shares of Boeing Company (The) by 9.5% in the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after acquiring an additional 62 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Boeing Company (The) by 16.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after acquiring an additional 107 shares during the period. Tarbox Group Inc. lifted its stake in shares of Boeing Company (The) by 298.8% in the 1st quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after acquiring an additional 741 shares during the period. Finally, Central Bank & Trust Co. lifted its stake in Boeing Company (The) by 430.5% during the first quarter. Central Bank & Trust Co. now owns 1,061 shares of the aircraft producer’s stock valued at $187,000 after purchasing an additional 861 shares during the last quarter. 72.17% of the stock is owned by institutional investors.

Several research firms recently commented on BA. Argus reissued a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Vetr lowered shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price for the company. in a research note on Wednesday, August 16th. Wells Fargo & Company reissued a “hold” rating and set a $255.00 target price (up from $240.00) on shares of Boeing Company (The) in a research note on Wednesday, September 20th. Finally, Canaccord Genuity reissued a “hold” rating and set a $170.00 target price on shares of Boeing Company (The) in a research note on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Boeing Company (The) presently has an average rating of “Hold” and a consensus target price of $241.32.

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Shares of Boeing Company (NYSE BA) traded down 0.05% on Thursday, hitting $255.16. 1,469,668 shares of the stock traded hands. The firm’s 50 day moving average is $239.32 and its 200 day moving average is $202.49. Boeing Company has a 52 week low of $129.86 and a 52 week high of $259.30. The firm has a market capitalization of $150.82 billion, a PE ratio of 22.36 and a beta of 1.18.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. On average, analysts expect that Boeing Company will post $10.02 EPS for the current fiscal year.

In related news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by corporate insiders.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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