Baxter Bros Inc. Increases Holdings in Boeing Company (The) (BA)

Baxter Bros Inc. boosted its stake in Boeing Company (The) (NYSE:BA) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,044 shares of the aircraft producer’s stock after acquiring an additional 930 shares during the period. Baxter Bros Inc.’s holdings in Boeing Company (The) were worth $3,173,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in BA. Sonata Capital Group Inc. raised its position in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after purchasing an additional 16 shares during the period. Investment Partners Ltd. OH ADV raised its position in shares of Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after purchasing an additional 79 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after purchasing an additional 499 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Boeing Company (The) by 0.3% in the first quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock valued at $1,268,000 after purchasing an additional 25 shares during the period. Finally, Cypress Asset Management Inc. TX raised its position in shares of Boeing Company (The) by 178.6% in the second quarter. Cypress Asset Management Inc. TX now owns 6,544 shares of the aircraft producer’s stock valued at $1,294,000 after purchasing an additional 4,195 shares during the period. 72.17% of the stock is currently owned by institutional investors and hedge funds.

In other Boeing Company (The) news, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (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 disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock valued at $20,353,814 over the last ninety days. 0.28% of the stock is owned by insiders.

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

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the consensus estimate of $2.32 by $0.23. The company 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 quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.44) earnings per share. Equities research analysts predict that Boeing Company will post $10.03 earnings per share for the current fiscal year.

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

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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