Boeing Co (BA) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Boeing Co (NYSE:BA) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,953 shares of the aircraft producer’s stock after purchasing an additional 5,378 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Boeing were worth $24,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Kessler Investment Group LLC acquired a new position in Boeing in the 2nd quarter valued at about $1,726,000. Truewealth LLC increased its position in Boeing by 17.7% in the 2nd quarter. Truewealth LLC now owns 1,624 shares of the aircraft producer’s stock valued at $545,000 after acquiring an additional 244 shares during the period. State of New Jersey Common Pension Fund D increased its position in Boeing by 116.7% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 325,000 shares of the aircraft producer’s stock valued at $109,041,000 after acquiring an additional 175,000 shares during the period. Mckinley Capital Management LLC Delaware increased its position in Boeing by 163.3% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 19,877 shares of the aircraft producer’s stock valued at $6,669,000 after acquiring an additional 12,327 shares during the period. Finally, First National Trust Co increased its position in Boeing by 5.6% in the 2nd quarter. First National Trust Co now owns 26,840 shares of the aircraft producer’s stock valued at $9,005,000 after acquiring an additional 1,432 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Several brokerages recently issued reports on BA. Cowen restated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Wednesday, July 25th. UBS Group boosted their price target on Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Berenberg Bank restated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Monday, September 3rd. Credit Suisse Group reiterated a “buy” rating and set a $455.00 target price on shares of Boeing in a research report on Thursday, July 26th. Finally, Goldman Sachs Group set a $375.00 target price on Boeing and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Six equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $401.25.

NYSE BA opened at $360.11 on Friday. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. Boeing Co has a 12-month low of $254.50 and a 12-month high of $394.28. The company has a market cap of $213.66 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. Boeing’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $2.55 EPS. As a group, equities research analysts forecast that Boeing Co will post 14.6 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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