The 978 Shares of Boeing Co. (BA) are sold by Eads & Heald Investment Counsel

The 978 Shares of Boeing Co. (BA) are sold by Eads & Heald Investment Counsel

Eads & Heald Investment Counsel cut its stake in shares of Boeing Co. (NYSE:BA) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 11,777 shares of the aircraft producer’s stock after selling 978 shares during the period. Eads & Heald Investment Counsel’s holdings in Boeing were worth $1,529,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. 1ST Source Bank boosted its position in Boeing by 13.7% in the second quarter. 1ST Source Bank now owns 10,502 shares of the aircraft producer’s stock valued at $1,364,000 after buying an additional 1,263 shares during the period. Hanson & Doremus Investment Management boosted its position in Boeing by 16.9% in the second quarter. Hanson & Doremus Investment Management now owns 12,394 shares of the aircraft producer’s stock valued at $1,610,000 after buying an additional 1,790 shares during the period. FTB Advisors Inc. boosted its position in Boeing by 313.0% in the second quarter. FTB Advisors Inc. now owns 23,544 shares of the aircraft producer’s stock valued at $3,056,000 after buying an additional 17,843 shares during the period. Tradewinds Capital Management LLC boosted its position in Boeing by 1.8% in the second quarter. Tradewinds Capital Management LLC now owns 10,400 shares of the aircraft producer’s stock valued at $1,351,000 after buying an additional 188 shares during the period. Finally, Signaturefd LLC boosted its position in Boeing by 4.1% in the second quarter. Signaturefd LLC now owns 17,415 shares of the aircraft producer’s stock valued at $2,262,000 after buying an additional 678 shares during the period. 75.49% of the stock is owned by hedge funds and other institutional investors.

Boeing Co. (NYSE:BA) traded up 0.431% during mid-day trading on Monday, hitting $134.075. The company had a trading volume of 1,294,755 shares. The firm has a market capitalization of $83.64 billion, a PE ratio of 24.136 and a beta of 1.03. The company’s 50 day moving average price is $131.37 and its 200-day moving average price is $131.19. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.59.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.48. The business earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. Boeing’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. On average, analysts forecast that Boeing Co. will post $6.29 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Jefferies Group reissued a “buy” rating and issued a $165.00 target price on shares of Boeing in a report on Saturday, October 8th. Barclays PLC dropped their target price on Boeing from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, October 6th. Robert W. Baird assumed coverage on Boeing in a report on Wednesday, October 5th. They issued an “outperform” rating and a $161.00 target price for the company. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a $148.00 target price on shares of Boeing in a report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, eleven 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 a consensus target price of $147.94.

In other Boeing news, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction of $1,882,932.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Randall L. Stephenson purchased 1,871 shares of the business’s stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the transaction, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here. Company insiders own 0.58% of the company’s stock.

About Boeing

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

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