Security National Bank increased its stake in shares of Boeing Co (NYSE:BA) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 12,109 shares of the aircraft producer’s stock after purchasing an additional 617 shares during the quarter. Boeing accounts for approximately 2.2% of Security National Bank’s portfolio, making the stock its 17th largest position. Security National Bank’s holdings in Boeing were worth $4,607,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its position in shares of Boeing by 0.5% during the third quarter. Wealthfront Advisers LLC now owns 28,750 shares of the aircraft producer’s stock valued at $10,939,000 after purchasing an additional 129 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in shares of Boeing by 2.5% during the third quarter. Sterling Investment Advisors Ltd. now owns 6,958 shares of the aircraft producer’s stock valued at $2,647,000 after purchasing an additional 171 shares in the last quarter. Verus Financial Partners Inc. bought a new stake in shares of Boeing during the third quarter valued at approximately $213,000. Oliver Luxxe Assets LLC boosted its position in shares of Boeing by 41.5% during the third quarter. Oliver Luxxe Assets LLC now owns 6,259 shares of the aircraft producer’s stock valued at $2,329,000 after purchasing an additional 1,836 shares in the last quarter. Finally, WoodTrust Financial Corp boosted its position in shares of Boeing by 1.6% during the third quarter. WoodTrust Financial Corp now owns 11,715 shares of the aircraft producer’s stock valued at $4,457,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.
Shares of BA stock traded up $0.60 during mid-day trading on Wednesday, hitting $371.56. The company’s stock had a trading volume of 2,720,536 shares, compared to its average volume of 3,367,459. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The business has a 50-day moving average price of $372.75 and a 200 day moving average price of $362.64. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. The stock has a market cap of $210.97 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 12.44 and a beta of 1.25.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $15.05 billion. During the same quarter in the previous year, the business earned $3.33 earnings per share. The company’s revenue was down 35.1% on a year-over-year basis. Equities research analysts predict that Boeing Co will post 3.46 EPS for the current fiscal year.
Several research firms recently weighed in on BA. ValuEngine lowered Boeing from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Canaccord Genuity set a $380.00 price target on Boeing and gave the company a “hold” rating in a research report on Friday, July 19th. Bank of America dropped their price target on Boeing from $420.00 to $415.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Robert W. Baird restated an “outperform” rating and set a $445.00 price target (down from $470.00) on shares of Boeing in a research report on Wednesday, October 2nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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.
Featured Story: How Does the Quiet Period Work?
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.