Whittier Trust Co. Trims Stock Position in Boeing Co (NYSE:BA)

Whittier Trust Co. cut its position in shares of Boeing Co (NYSE:BA) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,902 shares of the aircraft producer’s stock after selling 9,544 shares during the period. Boeing makes up 1.4% of Whittier Trust Co.’s holdings, making the stock its 14th biggest holding. Whittier Trust Co.’s holdings in Boeing were worth $48,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Claraphi Advisory Network LLC grew its holdings in shares of Boeing by 3.6% in the second quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock valued at $1,071,000 after purchasing an additional 103 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Boeing by 0.3% in the second quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock valued at $16,533,000 after purchasing an additional 125 shares in the last quarter. Corrado Advisors LLC grew its holdings in shares of Boeing by 4.1% in the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after purchasing an additional 310 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Boeing by 1,405.4% in the second quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock valued at $11,222,000 after purchasing an additional 28,782 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Boeing by 6.3% in the second quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock valued at $2,105,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

BA has been the subject of a number of research reports. Barclays set a $367.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Tuesday, September 10th. Morgan Stanley set a $500.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Thursday, September 12th. UBS Group set a $470.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Tuesday, September 24th. Buckingham Research set a $395.00 price target on shares of Boeing and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, Cowen set a $460.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Boeing currently has an average rating of “Hold” and an average target price of $402.42.

Shares of NYSE:BA traded down $25.06 during trading on Friday, hitting $344.00. 13,344,760 shares of the company were exchanged, compared to its average volume of 3,240,648. The stock has a market capitalization of $207.67 billion, a P/E ratio of 21.49, a PEG ratio of 12.51 and a beta of 1.25. 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 Co has a 12-month low of $292.47 and a 12-month high of $446.01. The firm’s 50 day moving average price is $373.16 and its 200-day moving average price is $362.44.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $1.07. The business 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 company’s revenue was down 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 EPS. As a group, equities research analysts anticipate that Boeing Co will post 3.26 EPS for the current 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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