Security National Trust Co. Increases Holdings in Boeing Co (NYSE:BA)

Security National Trust Co. grew its holdings in Boeing Co (NYSE:BA) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,012 shares of the aircraft producer’s stock after acquiring an additional 50 shares during the period. Security National Trust Co.’s holdings in Boeing were worth $2,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Boeing by 0.7% in the second quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock worth $14,638,355,000 after buying an additional 275,250 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Boeing by 7.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock valued at $13,009,918,000 after purchasing an additional 2,607,364 shares during the period. BlackRock Inc. raised its position in Boeing by 0.8% during the second quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock valued at $12,406,056,000 after purchasing an additional 264,410 shares during the period. Newport Trust Co raised its position in Boeing by 1.0% during the second quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock valued at $11,163,856,000 after purchasing an additional 298,466 shares during the period. Finally, FMR LLC raised its position in Boeing by 26.5% during the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after purchasing an additional 2,311,630 shares during the period. Institutional investors and hedge funds own 67.85% of the company’s stock.

A number of brokerages have issued reports on BA. JPMorgan Chase & Co. decreased their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Berenberg Bank restated a “buy” rating and set a $400.00 price objective on shares of Boeing in a research report on Tuesday, August 6th. Wolfe Research downgraded Boeing from an “outperform” rating to a “peer perform” rating and decreased their price objective for the company from $404.00 to $393.00 in a research report on Thursday, July 25th. UBS Group set a $470.00 price objective on Boeing and gave the company a “buy” rating in a research report on Tuesday. Finally, ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $402.65.



Shares of BA traded up $4.62 during mid-day trading on Tuesday, reaching $381.65. 3,588,803 shares of the company’s stock traded hands, compared to its average volume of 5,519,201. The stock has a market cap of $213.49 billion, a P/E ratio of 23.84, a P/E/G ratio of 11.23 and a beta of 1.24. The stock’s 50-day moving average is $355.44 and its two-hundred day moving average is $363.58. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The company’s quarterly revenue was down 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.33 earnings per share. Research analysts predict that Boeing Co will post 4.09 earnings per share for the current year.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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