The Boeing Company (NYSE:BA) Shares Sold by Umpqua Bank

Umpqua Bank lessened its holdings in shares of The Boeing Company (NYSE:BA) by 29.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,149 shares of the aircraft producer’s stock after selling 479 shares during the period. Umpqua Bank’s holdings in Boeing were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. Vima LLC acquired a new position in Boeing in the fourth quarter valued at $34,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the second quarter valued at $34,000. McClarren Financial Advisors Inc. grew its holdings in shares of Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Boeing during the first quarter worth about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. UBS Group reduced their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Sanford C. Bernstein lowered their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus increased their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Price Performance

BA opened at $157.62 on Friday. The stock’s 50 day simple moving average is $176.53 and its 200 day simple moving average is $180.65. The stock has a market cap of $96.76 billion, a P/E ratio of -44.40 and a beta of 1.57. The Boeing Company has a 1-year low of $156.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) earnings per share. Research analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

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.