Lazard Asset Management LLC Purchases 92 Shares of The Boeing Company (NYSE:BA)

Lazard Asset Management LLC grew its position in shares of The Boeing Company (NYSE:BAGet Rating) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,592 shares of the aircraft producer’s stock after buying an additional 92 shares during the quarter. Lazard Asset Management LLC’s holdings in Boeing were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Tevis Investment Management grew its stake in shares of Boeing by 69.6% during the second quarter. Tevis Investment Management now owns 195 shares of the aircraft producer’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. Karlinski Andrew C bought a new stake in shares of Boeing during the first quarter valued at approximately $48,000. Activest Wealth Management grew its stake in shares of Boeing by 118.5% during the second quarter. Activest Wealth Management now owns 271 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 147 shares during the last quarter. Sandy Cove Advisors LLC lifted its holdings in Boeing by 540.9% in the first quarter. Sandy Cove Advisors LLC now owns 282 shares of the aircraft producer’s stock valued at $54,000 after buying an additional 238 shares during the period. Finally, Atlas Capital Advisors LLC lifted its holdings in Boeing by 166.7% in the first quarter. Atlas Capital Advisors LLC now owns 320 shares of the aircraft producer’s stock valued at $61,000 after buying an additional 200 shares during the period. 57.10% of the stock is owned by institutional investors.

Insider Activity at Boeing

In other Boeing news, CEO David L. Calhoun bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average price of $158.88 per share, with a total value of $3,972,000.00. Following the completion of the transaction, the chief executive officer now owns 25,000 shares in the company, valued at $3,972,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven M. Mollenkopf acquired 1,285 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $157.09 per share, with a total value of $201,860.65. Following the transaction, the director now directly owns 2,917 shares in the company, valued at approximately $458,231.53. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Calhoun acquired 25,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $158.88 per share, with a total value of $3,972,000.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at $3,972,000. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of Boeing from $98.00 to $121.00 and gave the company an “underperform” rating in a report on Thursday, November 3rd. Bank of America increased their price objective on shares of Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Wells Fargo & Company cut their price objective on shares of Boeing from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, October 27th. Wolfe Research assumed coverage on shares of Boeing in a report on Monday, October 10th. They issued an “outperform” rating and a $180.00 price objective on the stock. Finally, Susquehanna cut their price objective on shares of Boeing from $192.00 to $180.00 and set a “positive” rating on the stock in a report on Thursday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.18.

Boeing Stock Up 0.6 %

Shares of BA stock opened at $173.89 on Monday. The company has a market capitalization of $103.26 billion, a price-to-earnings ratio of -12.20 and a beta of 1.45. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $229.67. The firm has a fifty day moving average of $145.53 and a 200-day moving average of $145.99.

Boeing (NYSE:BAGet Rating) last released its earnings results on Wednesday, October 26th. The aircraft producer reported ($6.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($6.25). The company had revenue of $15.96 billion for the quarter, compared to analyst estimates of $18.03 billion. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.60) earnings per share. On average, equities analysts expect that The Boeing Company will post -8.78 EPS for the current year.

Boeing Profile

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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 through 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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