Webster Bank N. A. Purchases 83 Shares of Boeing Co (NYSE:BA)

Webster Bank N. A. boosted its position in shares of Boeing Co (NYSE:BA) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,984 shares of the aircraft producer’s stock after purchasing an additional 83 shares during the period. Boeing comprises 0.9% of Webster Bank N. A.’s holdings, making the stock its 29th largest position. Webster Bank N. A.’s holdings in Boeing were worth $6,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Cardan Capital Partners LLC boosted its stake in shares of Boeing by 1.9% during the 1st quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock worth $613,000 after buying an additional 30 shares during the last quarter. CFO4Life Group LLC lifted its stake in Boeing by 5.2% in the 2nd quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock valued at $228,000 after purchasing an additional 31 shares during the last quarter. Accredited Investors Inc. lifted its stake in Boeing by 2.0% in the 2nd quarter. Accredited Investors Inc. now owns 1,607 shares of the aircraft producer’s stock valued at $585,000 after purchasing an additional 32 shares during the last quarter. Northwest Bancshares Inc. lifted its stake in Boeing by 1.8% in the 2nd quarter. Northwest Bancshares Inc. now owns 1,871 shares of the aircraft producer’s stock valued at $681,000 after purchasing an additional 33 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its stake in Boeing by 11.5% in the 2nd quarter. Winch Advisory Services LLC now owns 319 shares of the aircraft producer’s stock valued at $116,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 67.86% of the company’s stock.

BA stock traded up $4.08 during mid-day trading on Thursday, hitting $371.44. 188,350 shares of the company were exchanged, compared to its average volume of 3,969,002. The business has a 50 day simple moving average of $363.57 and a 200-day simple moving average of $362.48. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The stock has a market capitalization of $214.09 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 11.26 and a beta of 1.25. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 5.42% and a negative return on equity of 632.24%. The business’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period last year, the business posted $3.33 earnings per share. Equities research analysts expect that Boeing Co will post 4.09 earnings per share for the current year.

BA has been the subject of several recent analyst reports. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Credit Suisse Group reiterated a “buy” rating and issued a $425.00 target price on shares of Boeing in a research note on Thursday, July 25th. Morgan Stanley set a $500.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Thursday, September 12th. Cowen set a $460.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their target price for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $403.33.

About Boeing

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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