Pictet Asset Management Ltd. Has $53.65 Million Holdings in Boeing Company (The) (BA)

Pictet Asset Management Ltd. decreased its holdings in shares of Boeing Company (The) (NYSE:BA) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,936 shares of the aircraft producer’s stock after selling 10,200 shares during the period. Pictet Asset Management Ltd.’s holdings in Boeing Company (The) were worth $53,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Waldron LP lifted its stake in Boeing Company (The) by 23.8% during the first quarter. Waldron LP now owns 2,051 shares of the aircraft producer’s stock worth $362,000 after purchasing an additional 394 shares during the period. Dowling & Yahnke LLC lifted its stake in Boeing Company (The) by 6.2% during the first quarter. Dowling & Yahnke LLC now owns 24,302 shares of the aircraft producer’s stock worth $4,298,000 after purchasing an additional 1,427 shares during the period. Lourd Capital LLC lifted its stake in Boeing Company (The) by 6.4% during the first quarter. Lourd Capital LLC now owns 1,669 shares of the aircraft producer’s stock worth $295,000 after purchasing an additional 101 shares during the period. Essex Investment Management Co. LLC bought a new position in Boeing Company (The) during the first quarter worth about $1,339,000. Finally, Wetherby Asset Management Inc. lifted its stake in Boeing Company (The) by 3.9% during the first quarter. Wetherby Asset Management Inc. now owns 11,319 shares of the aircraft producer’s stock worth $2,002,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 72.17% of the company’s stock.

BA has been the subject of a number of analyst reports. Canaccord Genuity restated a “hold” rating and set a $215.00 price target (up previously from $200.00) on shares of Boeing Company (The) in a research note on Sunday, July 30th. Argus reiterated a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research note on Friday, July 28th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price for the company in a research note on Monday, August 7th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Boeing Company (The) in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Boeing Company (The) presently has an average rating of “Hold” and a consensus price target of $240.77.

Boeing Company (NYSE BA) opened at 261.91 on Friday. The firm has a market cap of $154.81 billion, a price-to-earnings ratio of 22.95 and a beta of 1.21. The stock has a 50 day moving average of $248.84 and a 200 day moving average of $211.62. Boeing Company has a one year low of $133.33 and a one year high of $262.98.

Boeing Company (The) (NYSE:BA) last announced its 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. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter last year, the firm earned ($0.44) earnings per share. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. Equities research analysts predict that Boeing Company will post $10.03 EPS for the current fiscal year.

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In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 in the last three months. 0.28% of the stock is owned by insiders.

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.

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

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