National Bank of Canada FI Has $122.43 Million Holdings in The Boeing Company $BA

National Bank of Canada FI trimmed its position in The Boeing Company (NYSE:BA) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,316 shares of the aircraft producer’s stock after selling 79,436 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Boeing worth $122,427,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BA. Winslow Asset Management Inc. lifted its position in shares of Boeing by 4.4% in the 2nd quarter. Winslow Asset Management Inc. now owns 43,644 shares of the aircraft producer’s stock valued at $9,145,000 after acquiring an additional 1,849 shares in the last quarter. Evergreen Capital Management LLC grew its position in Boeing by 25.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,328 shares of the aircraft producer’s stock worth $1,745,000 after purchasing an additional 1,673 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Boeing by 34.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 284,983 shares of the aircraft producer’s stock valued at $59,769,000 after purchasing an additional 72,516 shares during the period. 44 Wealth Management LLC lifted its holdings in shares of Boeing by 6.1% in the second quarter. 44 Wealth Management LLC now owns 1,583 shares of the aircraft producer’s stock valued at $332,000 after purchasing an additional 91 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Boeing in the second quarter valued at $467,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $204.33 on Monday. The firm has a market cap of $155.31 billion, a price-to-earnings ratio of -14.94 and a beta of 1.18. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock has a 50-day simple moving average of $202.82 and a 200-day simple moving average of $214.20.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. The business’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($10.44) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and lifted their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Jefferies Financial Group set a $255.00 target price on Boeing in a research note on Tuesday, September 30th. Susquehanna dropped their target price on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a report on Wednesday, November 12th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $232.96.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Dana S. Deasy acquired 554 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.