Boeing Co (NYSE:BA) Stake Lowered by Thomasville National Bank

Thomasville National Bank cut its stake in shares of Boeing Co (NYSE:BA) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,162 shares of the aircraft producer’s stock after selling 488 shares during the quarter. Thomasville National Bank’s holdings in Boeing were worth $3,486,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BA. NuWave Investment Management LLC grew its holdings in shares of Boeing by 554.5% during the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 41 shares during the last quarter. Guidant Wealth Advisors bought a new position in shares of Boeing during the second quarter valued at approximately $28,000. Transamerica Financial Advisors Inc. bought a new position in shares of Boeing during the second quarter valued at approximately $40,000. Finally, Next Capital Management LLC bought a new position in shares of Boeing during the second quarter valued at approximately $42,000. 67.86% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $445.00 target price (down from $470.00) on shares of Boeing in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research raised Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 target price for the company in a report on Monday, June 10th. JPMorgan Chase & Co. lowered their target price on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $425.00 target price on shares of Boeing in a report on Thursday, July 25th. Finally, Bank of America set a $420.00 target price on Boeing and gave the company a “hold” rating in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $403.33.

Shares of NYSE BA traded up $3.04 during midday trading on Thursday, hitting $370.40. 126,101 shares of the company’s stock were exchanged, compared to its average volume of 3,969,002. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. The stock’s 50 day moving average price is $363.57 and its 200-day moving average price is $362.48. The firm has a market cap of $214.09 billion, a P/E ratio of 23.14, a PEG ratio of 11.26 and a beta of 1.25. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01.

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

Boeing Company 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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