Ledyard National Bank grew its stake in shares of Boeing Company (The) (NYSE:BA) by 188.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,803 shares of the aircraft producer’s stock after purchasing an additional 20,768 shares during the period. Ledyard National Bank’s holdings in Boeing Company (The) were worth $6,289,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares in the last quarter. Swiss National Bank boosted its position in shares of Boeing Company (The) by 25.2% during the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the last quarter. Bank of Nova Scotia grew its holdings in Boeing Company (The) by 181.0% during the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock worth $107,843,000 after buying an additional 392,786 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Boeing Company (The) by 11.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after buying an additional 308,976 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in Boeing Company (The) during the first quarter worth $43,336,000. 72.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Boeing Company (BA) traded up 0.0039% during midday trading on Tuesday, hitting $256.0001. The company had a trading volume of 1,679,412 shares. Boeing Company has a 1-year low of $131.39 and a 1-year high of $259.30. The firm has a market capitalization of $151.32 billion, a P/E ratio of 22.4286 and a beta of 1.21. The stock has a 50 day moving average price of $243.91 and a 200 day moving average price of $207.40.

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 firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. Boeing Company (The)’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.44) earnings per share. On average, equities analysts anticipate that Boeing Company will post $10.02 EPS for the current fiscal year.

A number of equities research analysts recently commented on BA shares. Jefferies Group LLC increased their price target on Boeing Company (The) from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, September 22nd. Cowen and Company reaffirmed a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Boeing Company (The) in a report on Friday, September 22nd. ValuEngine downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $286.00 target price for the company in a research note on Thursday, September 21st. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing Company (The) in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $241.32.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the sale, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is currently owned by insiders.

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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.

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

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