Community Trust & Investment Co. trimmed its holdings in Boeing Co (NYSE:BA) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,543 shares of the aircraft producer’s stock after selling 1,356 shares during the quarter. Boeing comprises approximately 2.1% of Community Trust & Investment Co.’s portfolio, making the stock its 16th biggest position. Community Trust & Investment Co.’s holdings in Boeing were worth $17,708,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Claraphi Advisory Network LLC lifted its position in Boeing by 3.6% during the second quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after buying an additional 103 shares during the period. Dupont Capital Management Corp grew its holdings in shares of Boeing by 0.3% in the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after acquiring an additional 125 shares during the last quarter. Corrado Advisors LLC grew its holdings in shares of Boeing by 4.1% in the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after acquiring an additional 310 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Boeing by 1,405.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock worth $11,222,000 after acquiring an additional 28,782 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Boeing by 6.3% in the 2nd quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock worth $2,105,000 after acquiring an additional 342 shares during the last quarter. 67.85% of the stock is owned by hedge funds and other institutional investors.
NYSE BA traded up $0.93 on Friday, reaching $371.93. The stock had a trading volume of 108,653 shares, compared to its average volume of 3,719,077. The business has a 50 day moving average price of $370.70 and a 200 day moving average price of $362.49. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a market capitalization of $210.51 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 12.21 and a beta of 1.25.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the previous year, the company posted $3.33 earnings per share. The business’s quarterly revenue was down 35.1% compared to the same quarter last year. On average, analysts anticipate that Boeing Co will post 3.71 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Wolfe Research downgraded Boeing from an “outperform” rating to a “peer perform” rating and lowered their price target for the company from $404.00 to $393.00 in a report on Thursday, July 25th. Citigroup set a $430.00 price target on Boeing and gave the company a “buy” rating in a report on Monday, July 15th. Cowen reiterated a “buy” rating and set a $460.00 price target on shares of Boeing in a report on Friday. Goldman Sachs Group reiterated a “neutral” rating and set a $375.00 price target on shares of Boeing in a report on Friday, July 12th. Finally, Bank of America lowered their price target on Boeing from $420.00 to $415.00 and set a “neutral” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $403.10.
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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