Princeton Capital Management Inc. Decreases Position in Boeing Company (The) (BA)

Princeton Capital Management Inc. decreased its position in shares of Boeing Company (The) (NYSE:BA) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,054 shares of the aircraft producer’s stock after selling 1,694 shares during the period. Boeing Company (The) accounts for 4.4% of Princeton Capital Management Inc.’s holdings, making the stock its 2nd biggest position. Princeton Capital Management Inc.’s holdings in Boeing Company (The) were worth $6,932,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sonata Capital Group Inc. raised its holdings in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares during the last quarter. Investment Partners Ltd. OH ADV raised its holdings in shares of Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after buying an additional 79 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Boeing Company (The) by 0.3% in the first quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock worth $1,268,000 after buying an additional 25 shares during the last quarter. Finally, Cypress Asset Management Inc. TX raised its holdings in shares of Boeing Company (The) by 178.6% in the second quarter. Cypress Asset Management Inc. TX now owns 6,544 shares of the aircraft producer’s stock worth $1,294,000 after buying an additional 4,195 shares during the last quarter. 72.17% of the stock is owned by institutional investors.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

A number of research analysts have issued reports on BA shares. Cowen and Company reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Boeing Company (The) in a report on Tuesday, June 13th. Vetr cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $202.94 price target for the company. in a report on Thursday, June 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $218.00 price target (up previously from $192.00) on shares of Boeing Company (The) in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $146.00 price target on shares of Boeing Company (The) in a report on Friday, July 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price target on shares of Boeing Company (The) in a report on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $241.21.

WARNING: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/princeton-capital-management-inc-decreases-position-in-boeing-company-the-ba.html.

Shares of Boeing Company (NYSE BA) opened at 258.39 on Tuesday. The firm has a market cap of $152.73 billion, a price-to-earnings ratio of 22.64 and a beta of 1.21. The stock has a 50 day moving average of $246.82 and a 200 day moving average of $210.28. Boeing Company has a 12 month low of $131.39 and a 12 month high of $259.30.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks̵

Other large investors have also recently bought and sold shares of the company. Sonata Capital Group Inc. raised its holdings in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares during the last quarter. Investment Partners Ltd. OH ADV raised its holdings in shares of Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after buying an additional 79 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Boeing Company (The) by 0.3% in the first quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock worth $1,268,000 after buying an additional 25 shares during the last quarter. Finally, Cypress Asset Management Inc. TX raised its holdings in shares of Boeing Company (The) by 178.6% in the second quarter. Cypress Asset Management Inc. TX now owns 6,544 shares of the aircraft producer’s stock worth $1,294,000 after buying an additional 4,195 shares during the last quarter. 72.17% of the stock is owned by institutional investors.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

A number of research analysts have issued reports on BA shares. Cowen and Company reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Boeing Company (The) in a report on Tuesday, June 13th. Vetr cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $202.94 price target for the company. in a report on Thursday, June 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $218.00 price target (up previously from $192.00) on shares of Boeing Company (The) in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $146.00 price target on shares of Boeing Company (The) in a report on Friday, July 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price target on shares of Boeing Company (The) in a report on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $241.21.

WARNING: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/princeton-capital-management-inc-decreases-position-in-boeing-company-the-ba.html.

Shares of Boeing Company (NYSE BA) opened at 258.39 on Tuesday. The firm has a market cap of $152.73 billion, a price-to-earnings ratio of 22.64 and a beta of 1.21. The stock has a 50 day moving average of $246.82 and a 200 day moving average of $210.28. Boeing Company has a 12 month low of $131.39 and a 12 month high of $259.30.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same period in the prior year, the company posted ($0.44) EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research analysts expect that Boeing Company will post $10.02 EPS for the current fiscal year.

Boeing Company (The) Company Profile

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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