Peoples Bank OH reduced its holdings in shares of Boeing Co (NYSE:BA) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,603 shares of the aircraft producer’s stock after selling 66 shares during the period. Peoples Bank OH’s holdings in Boeing were worth $610,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NuWave Investment Management LLC grew its stake in shares of Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 61 shares during the period. Nordea Investment Management AB grew its stake in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 41 shares during the period. Guidant Wealth Advisors acquired a new stake in shares of Boeing in the 2nd quarter valued at about $28,000. Atwater Malick LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at about $39,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at about $40,000. Institutional investors own 67.88% of the company’s stock.
Boeing stock opened at $344.00 on Friday. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. The company’s 50 day moving average price is $373.16 and its two-hundred day moving average price is $362.44. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The stock has a market cap of $207.67 billion, a P/E ratio of 21.49, a P/E/G ratio of 12.51 and a beta of 1.25.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. During the same quarter last year, the firm earned $3.33 EPS. The company’s quarterly revenue was down 35.1% compared to the same quarter last year. On average, equities analysts anticipate that Boeing Co will post 3.26 EPS for the current year.
Several analysts have recently commented on BA shares. Morgan Stanley set a $500.00 target price on Boeing and gave the company a “buy” rating in a research note on Thursday, September 12th. Canaccord Genuity set a $380.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Friday, July 19th. Berenberg Bank set a $440.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Friday, October 11th. Bank of America dropped their price target on shares of Boeing from $415.00 to $400.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, UBS Group set a $470.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $402.42.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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