Toronto Dominion Bank Has $140.60 Million Stock Position in Boeing Co (NYSE:BA)

Toronto Dominion Bank lowered its holdings in Boeing Co (NYSE:BA) by 17.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 386,341 shares of the aircraft producer’s stock after selling 81,617 shares during the quarter. Toronto Dominion Bank owned 0.07% of Boeing worth $140,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Boeing by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock worth $14,638,355,000 after buying an additional 275,250 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Boeing by 7.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after buying an additional 2,607,364 shares during the period. BlackRock Inc. lifted its position in shares of Boeing by 0.8% during the 2nd quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock worth $12,406,056,000 after buying an additional 264,410 shares during the period. Newport Trust Co lifted its position in shares of Boeing by 1.0% during the 2nd quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock worth $11,163,856,000 after buying an additional 298,466 shares during the period. Finally, FMR LLC lifted its position in shares of Boeing by 26.5% during the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after buying an additional 2,311,630 shares during the period. 67.86% of the stock is currently owned by hedge funds and other institutional investors.

BA traded down $4.51 during trading on Tuesday, hitting $375.96. The company’s stock had a trading volume of 202,540 shares, compared to its average volume of 3,808,411. The firm’s 50 day moving average price is $362.13 and its two-hundred day moving average price is $362.52. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01. The stock has a market capitalization of $215.44 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 11.33 and a beta of 1.24.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the previous year, the company posted $3.33 EPS. The business’s revenue for the quarter was down 35.1% compared to the same quarter last year. On average, sell-side analysts forecast that Boeing Co will post 4.09 earnings per share for the current year.

Several equities analysts recently commented on BA shares. Citigroup set a $430.00 target price on Boeing and gave the stock a “buy” rating in a research report on Monday, July 15th. Berenberg Bank set a $440.00 target price on Boeing and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley set a $500.00 target price on Boeing and gave the stock a “buy” rating in a research report on Thursday, September 12th. Bank of America set a $420.00 target price on Boeing and gave the stock a “hold” rating in a research report on Thursday, June 27th. Finally, Jefferies Financial Group cut their target price on Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $404.47.

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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