TD Waterhouse Canada Inc. Has $14.83 Million Stock Holdings in The Boeing Company $BA

TD Waterhouse Canada Inc. boosted its stake in shares of The Boeing Company (NYSE:BA) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,704 shares of the aircraft producer’s stock after buying an additional 5,579 shares during the period. TD Waterhouse Canada Inc.’s holdings in Boeing were worth $14,831,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing during the second quarter worth $25,000. Piscataqua Savings Bank increased its holdings in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at about $35,000. IMG Wealth Management Inc. raised its stake in shares of Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Boeing in the second quarter valued at about $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $185.69 on Thursday. The company has a fifty day moving average price of $210.44 and a two-hundred day moving average price of $214.79. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The stock has a market cap of $141.15 billion, a P/E ratio of -13.57 and a beta of 1.44.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the business earned ($10.44) EPS. The business’s revenue was up 30.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BA. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a report on Thursday, October 30th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $267.00 price objective on shares of Boeing in a research report on Friday, November 14th. BNP Paribas Exane assumed coverage on shares of Boeing in a report on Tuesday. They set an “underperform” rating and a $150.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.09.

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.