The Boeing Company $BA Stock: Yarbrough Capital LLC Decreases Stake

Yarbrough Capital LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 35.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 49,848 shares of the aircraft producer’s stock after selling 27,633 shares during the quarter. Yarbrough Capital LLC’s holdings in Boeing were worth $9,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Highland Investment Advisors LLC purchased a new stake in shares of Boeing in the 2nd quarter worth $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing in the 2nd quarter worth $27,000. Retirement Wealth Solutions LLC raised its holdings in Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 143 shares during the period. Bayban purchased a new position in Boeing during the fourth quarter valued at $29,000. Finally, Bell Investment Advisors Inc purchased a new position in Boeing during the second quarter valued at $29,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Royal Bank Of Canada reduced their price target on Boeing from $265.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.96.

Boeing Price Performance

NYSE:BA traded up $1.45 during trading hours on Monday, hitting $191.66. 5,483,111 shares of the stock traded hands, compared to its average volume of 6,815,576. The company has a market cap of $151.48 billion, a price-to-earnings ratio of 82.97 and a beta of 1.26. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The stock has a 50 day moving average price of $204.10 and a 200 day moving average price of $215.71. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned ($1.24) earnings per share. Sell-side analysts forecast that The Boeing Company will post -0.96 EPS for the current fiscal year.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.