Boeing Company (The) (BA) Holdings Reduced by British Airways Pensions Investment Management Ltd

British Airways Pensions Investment Management Ltd decreased its position in shares of Boeing Company (The) (NYSE:BA) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 248,744 shares of the aircraft producer’s stock after selling 33,738 shares during the period. Boeing Company (The) accounts for about 1.4% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 18th largest position. British Airways Pensions Investment Management Ltd’s holdings in Boeing Company (The) were worth $49,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC raised its position in shares of Boeing Company (The) by 9.5% during the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the last quarter. Tarbox Group Inc. raised its position in shares of Boeing Company (The) by 298.8% during the first quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock valued at $175,000 after buying an additional 741 shares during the last quarter. Finally, Central Bank & Trust Co. raised its position in shares of 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 buying an additional 861 shares during the last quarter. Institutional investors own 72.17% of the company’s stock.

Shares of Boeing Company (NYSE:BA) opened at 261.91 on Friday. Boeing Company has a 52 week low of $133.33 and a 52 week high of $262.98. The stock’s 50 day moving average is $248.84 and its 200-day moving average is $211.62. The stock has a market capitalization of $154.81 billion, a price-to-earnings ratio of 22.95 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS. On average, analysts anticipate that Boeing Company will post $10.03 earnings per share for the current fiscal year.

Several research firms have recently issued reports on BA. Vetr cut shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $253.54 price objective on the stock. in a research report on Thursday. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price objective on the stock in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Boeing Company (The) in a research report on Friday, October 6th. Canaccord Genuity reiterated a “hold” rating and set a $235.00 price objective on shares of Boeing Company (The) in a research report on Thursday, October 5th. Finally, Cowen and Company reiterated a “buy” rating and set a $315.00 price objective on shares of Boeing Company (The) in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $240.77.

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In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction 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 transaction, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. Company insiders own 0.28% of the company’s stock.

Boeing Company (The) 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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