The Boeing Company $BA Shares Purchased by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH increased its holdings in shares of The Boeing Company (NYSE:BA) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 12,058 shares of the aircraft producer’s stock after buying an additional 419 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Boeing were worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in Boeing during the 2nd quarter worth $378,459,000. Vanguard Group Inc. increased its holdings 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 in the last quarter. Strs Ohio purchased a new position in shares of Boeing in the 1st quarter valued at about $98,984,000. Canada Pension Plan Investment Board increased 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 valued at $128,689,000 after purchasing an additional 535,060 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Boeing by 938.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock valued at $116,669,000 after purchasing an additional 503,193 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 2.3%

Shares of BA stock opened at $211.04 on Friday. The firm’s 50 day moving average price is $224.29 and its two-hundred day moving average price is $206.19. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock has a market cap of $159.58 billion, a price-to-earnings ratio of -12.78 and a beta of 1.47.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Bank of America raised their target price on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Susquehanna restated a “positive” rating and set a $270.00 target price on shares of Boeing in a report on Monday, September 15th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and lifted their price target for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ? increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing 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.