Telemus Capital LLC Takes $477,000 Position in Boeing Company (The) (BA)

Telemus Capital LLC bought a new position in Boeing Company (The) (NYSE:BA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,413 shares of the aircraft producer’s stock, valued at approximately $477,000.

A number of other hedge funds have also recently modified their holdings of BA. Proficio Capital Partners LLC raised its stake in Boeing Company (The) by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after acquiring an additional 402 shares during the last quarter. MCF Advisors LLC raised its stake in Boeing Company (The) by 9.5% in the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after acquiring an additional 62 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in Boeing Company (The) by 16.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after acquiring an additional 107 shares during the last quarter. Tarbox Group Inc. raised its stake in Boeing Company (The) by 298.8% in the 1st quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after acquiring an additional 741 shares during the last quarter. Finally, Central Bank & Trust Co. raised its stake in Boeing Company (The) by 430.5% in the 1st quarter. Central Bank & Trust Co. now owns 1,061 shares of the aircraft producer’s stock worth $187,000 after acquiring an additional 861 shares during the last quarter. Institutional investors own 72.14% of the company’s stock.

Boeing Company (NYSE BA) traded up 0.07% during midday trading on Wednesday, reaching $258.79. The company had a trading volume of 699,181 shares. The firm’s 50 day moving average is $249.87 and its 200 day moving average is $212.73. Boeing Company has a 1-year low of $133.33 and a 1-year high of $263.79. The stock has a market capitalization of $152.97 billion, a PE ratio of 22.67 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same period last year, the company posted ($0.44) earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Boeing Company will post $10.03 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on the company. Vetr lowered Boeing Company (The) from a “hold” rating to a “sell” rating and set a $253.54 target price for the company. in a research note on Thursday, October 12th. Canaccord Genuity restated a “hold” rating and issued a $235.00 target price on shares of Boeing Company (The) in a research note on Thursday, October 5th. Jefferies Group LLC restated a “buy” rating and issued a $300.00 target price on shares of Boeing Company (The) in a research note on Friday, October 6th. Cowen and Company restated a “buy” rating and issued a $315.00 target price on shares of Boeing Company (The) in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $240.77.

In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by corporate insiders.

About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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