Skba Capital Management LLC Has $7.25 Million Stake in Boeing Co (BA)

Skba Capital Management LLC cut its stake in shares of Boeing Co (NYSE:BA) by 1.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 21,600 shares of the aircraft producer’s stock after selling 400 shares during the period. Skba Capital Management LLC’s holdings in Boeing were worth $7,247,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BA. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Boeing by 220.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after acquiring an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Boeing during the first quarter valued at $108,000. Lucia Wealth Services LLC bought a new position in shares of Boeing during the first quarter valued at $126,000. Litman Gregory Asset Management LLC bought a new position in shares of Boeing during the first quarter valued at $131,000. Finally, Institutional & Family Asset Management LLC bought a new position in shares of Boeing during the first quarter valued at $139,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Several brokerages have recently weighed in on BA. Morgan Stanley set a $400.00 price target on Boeing and gave the company a “hold” rating in a report on Friday, September 28th. Cowen restated a “buy” rating and set a $445.00 price target on shares of Boeing in a report on Monday, October 1st. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Jefferies Financial Group restated a “buy” rating and set a $410.00 price target on shares of Boeing in a report on Sunday, July 29th. Finally, UBS Group lifted their price objective on Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Boeing presently has a consensus rating of “Buy” and a consensus price target of $401.25.

NYSE BA opened at $385.77 on Tuesday. The stock has a market capitalization of $213.66 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. Boeing Co has a one year low of $254.50 and a one year high of $394.28.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion during 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%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.55 earnings per share. On average, sell-side analysts expect that Boeing Co will post 14.6 EPS for the current year.

About Boeing

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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