Boeing Company (The) (BA) Shares Sold by Tdam USA Inc.

Tdam USA Inc. decreased its holdings in shares of Boeing Company (The) (NYSE:BA) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,101 shares of the aircraft producer’s stock after selling 19,697 shares during the quarter. Boeing Company (The) accounts for approximately 1.4% of Tdam USA Inc.’s holdings, making the stock its 14th biggest position. Tdam USA Inc.’s holdings in Boeing Company (The) were worth $26,677,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC lifted its position in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Boeing Company (The) by 9.5% during the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after purchasing an additional 62 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Boeing Company (The) by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after purchasing an additional 107 shares during the last quarter. Tarbox Group Inc. lifted its position in shares of Boeing Company (The) by 298.8% during the 1st quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after purchasing an additional 741 shares during the last quarter. Finally, First National Bank of Hutchinson acquired a new position in shares of Boeing Company (The) during the 2nd quarter worth about $212,000. Institutional investors and hedge funds own 72.17% of the company’s stock.

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

Shares of Boeing Company (NYSE:BA) opened at 261.44 on Thursday. The stock has a market capitalization of $154.53 billion, a PE ratio of 22.91 and a beta of 1.21. Boeing Company has a 52 week low of $131.39 and a 52 week high of $261.65. The company’s 50 day moving average is $248.16 and its 200-day moving average is $211.26.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) earnings per share. On average, equities analysts predict that Boeing Company will post $10.03 earnings per share for the current year.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 in the last ninety days. Insiders own 0.28% of the company’s stock.

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About Boeing Company (The)

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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