Woodstock Corp lessened its stake in Boeing Company (The) (NYSE:BA) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,848 shares of the aircraft producer’s stock after selling 480 shares during the period. Woodstock Corp’s holdings in Boeing Company (The) were worth $1,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mascoma Wealth Management LLC raised its position in shares of Boeing Company (The) by 0.5% in the second quarter. Mascoma Wealth Management LLC now owns 4,169 shares of the aircraft producer’s stock worth $824,000 after acquiring an additional 22 shares during the period. Trust Co. of Oklahoma boosted its stake in shares of Boeing Company (The) by 16.9% during the 2nd quarter. Trust Co. of Oklahoma now owns 5,501 shares of the aircraft producer’s stock worth $1,088,000 after acquiring an additional 797 shares in the last quarter. Iowa State Bank boosted its stake in shares of Boeing Company (The) by 9.6% during the 2nd quarter. Iowa State Bank now owns 2,853 shares of the aircraft producer’s stock worth $564,000 after acquiring an additional 250 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Boeing Company (The) by 24.2% during the 2nd quarter. Chesley Taft & Associates LLC now owns 2,566 shares of the aircraft producer’s stock worth $507,000 after acquiring an additional 500 shares in the last quarter. Finally, Forte Capital LLC ADV grew its position in shares of Boeing Company (The) by 4.6% during the 2nd quarter. Forte Capital LLC ADV now owns 2,280 shares of the aircraft producer’s stock valued at $451,000 after acquiring an additional 100 shares during the period. 72.17% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company (BA) traded up 0.13% during trading on Monday, hitting $254.53. The stock had a trading volume of 1,525,522 shares. Boeing Company has a one year low of $130.74 and a one year high of $259.30. The firm has a market cap of $150.45 billion, a price-to-earnings ratio of 22.30 and a beta of 1.21. The stock’s 50-day moving average is $239.32 and its 200 day moving average is $202.49.

Boeing Company (The) (NYSE:BA) last released 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 for the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the firm earned ($0.44) EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. Equities analysts anticipate that Boeing Company will post $10.02 earnings per share for the current year.

In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas J. Downey sold 134 shares of the company’s 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 quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. Insiders own 0.28% of the company’s stock.

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A number of brokerages have issued reports on BA. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a research report on Wednesday, July 26th. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Credit Suisse Group raised Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $200.00 to $300.00 in a research note on Thursday, July 27th. Finally, UBS AG increased their target price on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $241.32.

Boeing Company (The) 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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