Hudson Valley Investment Advisors Inc. ADV Has $642,000 Holdings in The Boeing Company $BA

Hudson Valley Investment Advisors Inc. ADV lessened its stake in The Boeing Company (NYSE:BA) by 4.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,064 shares of the aircraft producer’s stock after selling 153 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Boeing were worth $642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Boeing in the 2nd quarter valued at about $378,459,000. Vanguard Group Inc. boosted its stake in shares of Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after purchasing an additional 1,212,327 shares during the last quarter. Strs Ohio bought a new position in shares of Boeing in the 1st quarter valued at about $98,984,000. Canada Pension Plan Investment Board boosted its stake 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 valued at $128,689,000 after purchasing an additional 535,060 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Boeing by 38.4% in the 1st quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer’s stock valued at $307,874,000 after purchasing an additional 501,161 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $216.32 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm’s 50 day moving average price is $225.06 and its two-hundred day moving average price is $204.76. The firm has a market cap of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the prior year, the firm posted ($2.90) earnings per share. The business’s quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Saturday, September 27th. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Citigroup reissued a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

About Boeing

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.