Windward Capital Management Co. CA Lowers Holdings in The Boeing Company (NYSE:BA)

Windward Capital Management Co. CA reduced its position in The Boeing Company (NYSE:BA) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 46,233 shares of the aircraft producer’s stock after selling 1,348 shares during the quarter. Windward Capital Management Co. CA’s holdings in Boeing were worth $8,415,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at $34,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing during the 2nd quarter worth $34,000. McClarren Financial Advisors Inc. boosted its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares in the last quarter. Finally, Bfsg LLC acquired a new position in shares of Boeing during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $157.62 on Friday. The Boeing Company has a 1 year low of $156.70 and a 1 year high of $267.54. The company’s 50 day simple moving average is $176.53 and its 200 day simple moving average is $180.65. The company has a market capitalization of $96.76 billion, a price-to-earnings ratio of -44.40 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.82) EPS. Equities analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. UBS Group decreased their price target on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Robert W. Baird dropped their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus boosted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing 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.