Welch & Forbes LLC Sells 115 Shares of Boeing Company (The) (BA)

Welch & Forbes LLC lessened its holdings in Boeing Company (The) (NYSE:BA) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,629 shares of the aircraft producer’s stock after selling 115 shares during the period. Welch & Forbes LLC’s holdings in Boeing Company (The) were worth $2,299,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Telemus Capital LLC acquired a new stake in shares of Boeing Company (The) in the 2nd quarter valued at $477,000. Sei Investments Co. raised its holdings in shares of Boeing Company (The) by 11.5% in the 2nd quarter. Sei Investments Co. now owns 236,866 shares of the aircraft producer’s stock valued at $46,840,000 after purchasing an additional 24,511 shares in the last quarter. Foster & Motley Inc. raised its holdings in shares of Boeing Company (The) by 104.8% in the 2nd quarter. Foster & Motley Inc. now owns 4,014 shares of the aircraft producer’s stock valued at $794,000 after purchasing an additional 2,054 shares in the last quarter. Enterprise Financial Services Corp raised its holdings in shares of Boeing Company (The) by 9.5% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,747 shares of the aircraft producer’s stock valued at $345,000 after purchasing an additional 151 shares in the last quarter. Finally, Markel Corp raised its holdings in shares of Boeing Company (The) by 20.2% in the 2nd quarter. Markel Corp now owns 83,400 shares of the aircraft producer’s stock valued at $16,492,000 after purchasing an additional 14,000 shares in the last quarter. 72.17% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “buy” rating and issued a $300.00 price objective on shares of Boeing Company (The) in a report on Friday. Canaccord Genuity restated a “hold” rating and issued a $235.00 price objective on shares of Boeing Company (The) in a report on Thursday. Cowen and Company restated a “buy” rating and issued a $315.00 price objective on shares of Boeing Company (The) in a report on Friday. Vetr lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $267.03 price objective on the stock. in a report on Friday. Finally, ValuEngine lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $241.21.

In other news, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,468 shares of company stock valued at $20,353,814. Insiders own 0.28% of the company’s stock.

Shares of Boeing Company (NYSE BA) opened at 258.58 on Monday. Boeing Company has a one year low of $131.39 and a one year high of $259.30. The stock has a 50 day moving average of $246.17 and a 200 day moving average of $209.22. The stock has a market cap of $152.84 billion, a P/E ratio of 22.65 and a beta of 1.21.

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 Zacks’ consensus estimate 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 firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the firm posted ($0.44) EPS. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. Equities analysts expect that Boeing Company will post $10.01 EPS for the current fiscal year.

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Boeing Company (The) 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.

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

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