Beese Fulmer Investment Management Inc. trimmed its position in shares of Boeing Company (The) (NYSE:BA) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,461 shares of the aircraft producer’s stock after selling 1,002 shares during the period. Boeing Company (The) accounts for approximately 1.7% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 17th biggest position. Beese Fulmer Investment Management Inc.’s holdings in Boeing Company (The) were worth $7,012,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares during the period. Swiss National Bank raised its holdings in shares of Boeing Company (The) by 25.2% during the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Boeing Company (The) by 181.0% during the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after buying an additional 392,786 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Boeing Company (The) by 11.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after buying an additional 308,976 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Boeing Company (The) during the first quarter valued at approximately $43,336,000. 72.17% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on BA shares. Canaccord Genuity reiterated a “hold” rating and set a $215.00 price objective (up from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus restated a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price on the stock in a research note on Monday, August 7th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Boeing Company (The) in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $241.32.

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Shares of Boeing Company (BA) traded down 0.21% on Wednesday, hitting $254.92. The stock had a trading volume of 1,717,826 shares. The firm has a 50 day moving average price of $244.43 and a 200 day moving average price of $207.95. The company has a market capitalization of $150.68 billion, a P/E ratio of 22.33 and a beta of 1.21. Boeing Company has a one year low of $131.39 and a one year high of $259.30.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter in the prior year, the company earned ($0.44) earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts predict that Boeing Company will post $10.02 earnings per share for the current fiscal year.

In related news, SVP Robert E. Verbeck sold 2,522 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the sale, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 over the last quarter. Company insiders own 0.28% of the company’s stock.

About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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