Zions Bancorporation National Association UT Sells 366 Shares of The Boeing Company $BA

Zions Bancorporation National Association UT lessened its position in shares of The Boeing Company (NYSE:BA) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,132 shares of the aircraft producer’s stock after selling 366 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Boeing were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in Boeing in the second quarter worth about $378,459,000. Vanguard Group Inc. lifted its holdings in shares of Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the period. Bessemer Group Inc. boosted its stake in shares of Boeing by 3,581.5% in the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock valued at $149,149,000 after purchasing an additional 692,489 shares in the last quarter. Strs Ohio bought a new stake in shares of Boeing in the 1st quarter worth about $98,984,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Boeing by 243.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after purchasing an additional 535,060 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Down 1.1%

Boeing stock opened at $194.40 on Monday. The business’s 50-day simple moving average is $216.65 and its 200 day simple moving average is $214.38. The stock has a market cap of $147.76 billion, a price-to-earnings ratio of -14.21 and a beta of 1.44. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($10.44) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and raised their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Citigroup restated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Loop Capital set a $223.00 price objective on shares of Boeing in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $241.80.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.