Boeing Company (The) (BA) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its position in Boeing Company (The) (NYSE:BA) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,880 shares of the aircraft producer’s stock after selling 14,791 shares during the period. Korea Investment CORP owned approximately 0.06% of Boeing Company (The) worth $69,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in Boeing Company (The) by 0.3% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after acquiring an additional 6 shares during the last quarter. GWM Advisors LLC raised its stake in Boeing Company (The) by 0.6% in the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 8 shares during the last quarter. Silicon Valley Capital Partners raised its stake in Boeing Company (The) by 0.7% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 9 shares during the last quarter. Arcus Capital Partners LLC raised its stake in Boeing Company (The) by 0.8% in the 1st quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after acquiring an additional 13 shares during the last quarter. Finally, Lourd Capital LLC raised its stake in Boeing Company (The) by 0.8% in the 2nd quarter. Lourd Capital LLC now owns 1,683 shares of the aircraft producer’s stock worth $333,000 after acquiring an additional 14 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 stock has a market capitalization of $152.97 billion, a PE ratio of 22.67 and a beta of 1.21. Boeing Company has a 1-year low of $133.33 and a 1-year high of $263.79. The firm’s 50 day moving average is $249.87 and its 200 day moving average is $212.73.

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 brokerages recently issued reports on BA. 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. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a research note on Tuesday, October 10th. 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. 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $240.77.

In other news, 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 value of $1,018,447.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $32,320.80. 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.

Boeing Company (The) Company Profile

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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