Toronto Dominion Bank Acquires 8,998 Shares of The Boeing Company (NYSE:BA)

Toronto Dominion Bank grew its holdings in The Boeing Company (NYSE:BA) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,412 shares of the aircraft producer’s stock after acquiring an additional 8,998 shares during the quarter. Toronto Dominion Bank owned 0.06% of Boeing worth $68,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the fourth quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the fourth quarter valued at $28,000. Evolution Advisers Inc. acquired a new position in shares of Boeing in the fourth quarter valued at $28,000. Vima LLC acquired a new position in shares of Boeing in the fourth quarter valued at $34,000. Finally, Accent Capital Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at $39,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 1.4 %

Shares of NYSE BA traded up $2.54 during midday trading on Friday, hitting $186.89. 6,269,892 shares of the company’s stock were exchanged, compared to its average volume of 8,159,386. The company’s 50 day moving average price is $181.74 and its 200 day moving average price is $188.76. The firm has a market capitalization of $114.73 billion, a PE ratio of -52.64 and a beta of 1.56. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, equities research analysts anticipate that The Boeing Company will post -2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BA shares. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Sanford C. Bernstein dropped their price objective on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Morgan Stanley dropped their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Finally, Argus lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Company 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.