The Boeing Company $BA Shares Sold by Yarbrough Capital LLC

Key Points

• Yarbrough Capital reduced its Boeing stake by 35.7% in the third quarter, selling 27,633 shares and retaining 49,848 shares valued at approximately $9.27 million. Institutional investors collectively own 64.82% of Boeing.
• Boeing shares recently traded at $191.66, below both their 50-day and 200-day moving averages, while the company reported a quarterly EPS loss of $0.76 that missed analyst expectations.
• Analyst sentiment remains positive overall, with Boeing holding a “Moderate Buy” consensus rating and an average price target of $266.96, despite some analysts lowering their targets.

Yarbrough Capital LLC lowered its holdings in The Boeing Company (NYSE:BA - Free Report) by 35.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,848 shares of the aircraft producer's stock after selling 27,633 shares during the quarter. Yarbrough Capital LLC's holdings in Boeing were worth $9,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Richards Merrill & Peterson Inc. raised its position in Boeing by 11.4% in the 3rd quarter. Richards Merrill & Peterson Inc. now owns 1,273 shares of the aircraft producer's stock worth $237,000 after buying an additional 130 shares during the last quarter. New Wave Wealth Advisors LLC lifted its stake in Boeing by 34.8% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 6,760 shares of the aircraft producer's stock valued at $1,261,000 after acquiring an additional 1,744 shares during the period. Talbot Financial LLC boosted its holdings in shares of Boeing by 5,580.5% during the 3rd quarter. Talbot Financial LLC now owns 54,533 shares of the aircraft producer's stock valued at $10,146,000 after acquiring an additional 53,573 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in shares of Boeing by 3.9% during the 3rd quarter. Independent Wealth Network Inc. now owns 5,352 shares of the aircraft producer's stock valued at $996,000 after acquiring an additional 200 shares during the last quarter. Finally, Sculati Wealth Management LLC boosted its holdings in shares of Boeing by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 9,436 shares of the aircraft producer's stock valued at $1,788,000 after acquiring an additional 64 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

BA stock traded up $1.45 during trading on Monday, reaching $191.66. The stock had a trading volume of 5,483,111 shares, compared to its average volume of 6,815,576. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The stock's 50 day moving average is $204.10 and its two-hundred day moving average is $215.71. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The firm has a market cap of $151.48 billion, a PE ratio of 82.97 and a beta of 1.26.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.24) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -0.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Rothschild & Co Redburn lifted their price target on shares of Boeing from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. BNP Paribas Exane upgraded shares of Boeing from an "underperform" rating to an "outperform" rating and increased their price objective for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. Wolfe Research upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 24th. Morgan Stanley dropped their target price on shares of Boeing from $250.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Barclays initiated coverage on shares of Boeing in a research report on Friday, October 9th. They issued an "overweight" rating and a $300.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.96.

About Boeing

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

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