Boeing Co (NYSE:BA) Shares Acquired by Camden National Bank

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Camden National Bank increased its position in Boeing Co (NYSE:BA) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,006 shares of the aircraft producer’s stock after acquiring an additional 65 shares during the period. Camden National Bank’s holdings in Boeing were worth $1,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NuWave Investment Management LLC grew its holdings in Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Nordea Investment Management AB grew its holdings in Boeing by 128.1% during the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 41 shares during the last quarter. Guidant Wealth Advisors acquired a new stake in Boeing during the 2nd quarter valued at $28,000. Transamerica Financial Advisors Inc. acquired a new stake in Boeing during the 2nd quarter valued at $40,000. Finally, Next Capital Management LLC acquired a new stake in Boeing during the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 67.85% of the company’s stock.

Several brokerages have recently weighed in on BA. UBS Group set a $470.00 target price on Boeing and gave the company a “buy” rating in a research note on Tuesday, September 24th. Barclays set a $367.00 price target on Boeing and gave the company a “hold” rating in a report on Tuesday, September 10th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $375.00 price target on shares of Boeing in a report on Friday, July 12th. Jefferies Financial Group cut their price target on Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $425.00 price target on shares of Boeing in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $403.10.

NYSE:BA traded up $3.92 during midday trading on Friday, hitting $374.92. 3,932,247 shares of the stock were exchanged, compared to its average volume of 3,719,077. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The company has a market capitalization of $210.51 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 12.21 and a beta of 1.25. The business has a 50-day moving average price of $370.70 and a two-hundred day moving average price of $362.49. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS 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 for the quarter, compared to analysts’ expectations of $15.05 billion. During the same quarter in the previous year, the company earned $3.33 earnings per share. The firm’s quarterly revenue was down 35.1% compared to the same quarter last year. Sell-side analysts forecast that Boeing Co will post 3.71 EPS for the current fiscal year.

Boeing Company Profile

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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