Pennsylvania Trust Co Decreases Holdings in Boeing Co (NYSE:BA)

Pennsylvania Trust Co trimmed its holdings in shares of Boeing Co (NYSE:BA) by 28.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,600 shares of the aircraft producer’s stock after selling 4,318 shares during the period. Pennsylvania Trust Co’s holdings in Boeing were worth $4,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BA. PagnatoKarp Partners LLC boosted its position in Boeing by 210.8% during the 1st quarter. PagnatoKarp Partners LLC now owns 3,891 shares of the aircraft producer’s stock worth $1,484,000 after purchasing an additional 2,639 shares during the period. Manning & Napier Group LLC boosted its position in Boeing by 25.9% during the 1st quarter. Manning & Napier Group LLC now owns 118,431 shares of the aircraft producer’s stock worth $45,171,000 after purchasing an additional 24,395 shares during the period. CHICAGO TRUST Co NA boosted its position in Boeing by 2.2% during the 1st quarter. CHICAGO TRUST Co NA now owns 3,843 shares of the aircraft producer’s stock worth $1,466,000 after purchasing an additional 82 shares during the period. Dfpg Investments Inc. boosted its position in Boeing by 23.0% during the 1st quarter. Dfpg Investments Inc. now owns 5,110 shares of the aircraft producer’s stock worth $2,023,000 after purchasing an additional 955 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Boeing by 351.6% during the 1st quarter. Pacer Advisors Inc. now owns 49,166 shares of the aircraft producer’s stock worth $18,755,000 after purchasing an additional 38,279 shares during the period. 67.85% of the stock is owned by hedge funds and other institutional investors.

Shares of BA stock opened at $372.17 on Thursday. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The company’s 50-day simple moving average is $369.89 and its 200-day simple moving average is $362.45. The stock has a market capitalization of $211.88 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 12.29 and a beta of 1.25.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the 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 business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. During the same quarter last year, the company posted $3.33 earnings per share. The company’s quarterly revenue was down 35.1% compared to the same quarter last year. As a group, research analysts forecast that Boeing Co will post 3.71 EPS for the current year.

A number of equities analysts have weighed in on BA shares. Credit Suisse Group reissued a “buy” rating and issued a $425.00 price objective on shares of Boeing in a research report on Thursday, July 25th. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, September 12th. Bank of America decreased their price objective on shares of Boeing from $420.00 to $415.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays set a $367.00 price objective on shares of Boeing and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing currently has an average rating of “Hold” and an average target price of $403.10.

Boeing Company Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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