The Boeing Company (NYSE:BA) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 78.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,137 shares of the aircraft producer’s stock after acquiring an additional 1,376 shares during the quarter. Alps Advisors Inc.’s holdings in Boeing were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its holdings in shares of Boeing by 5.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,182 shares of the aircraft producer’s stock valued at $3,033,000 after buying an additional 1,110 shares during the period. Shell Asset Management Co. lifted its holdings in shares of Boeing by 0.9% in the 1st quarter. Shell Asset Management Co. now owns 25,335 shares of the aircraft producer’s stock valued at $4,852,000 after buying an additional 214 shares during the period. M Holdings Securities Inc. acquired a new stake in shares of Boeing in the 1st quarter valued at approximately $977,000. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Boeing by 41.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 2,225 shares of the aircraft producer’s stock valued at $304,000 after buying an additional 649 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Boeing by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 985,948 shares of the aircraft producer’s stock valued at $188,809,000 after buying an additional 3,800 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Bank of America raised their price target on Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Susquehanna Bancshares dropped their price objective on Boeing from $192.00 to $180.00 and set a “positive” rating for the company in a research note on Thursday, October 27th. Jefferies Financial Group set a $180.00 price objective on Boeing in a research note on Monday, November 14th. Wells Fargo & Company dropped their price objective on Boeing from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, October 27th. Finally, Redburn Partners assumed coverage on Boeing in a research note on Monday, November 7th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.18.

Insiders Place Their Bets

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

Boeing Trading Down 0.3 %

Shares of Boeing stock opened at $172.50 on Wednesday. The Boeing Company has a twelve month low of $113.02 and a twelve month high of $229.67. The stock has a market capitalization of $102.43 billion, a P/E ratio of -12.11 and a beta of 1.45. The business’s fifty day moving average price is $146.31 and its 200 day moving average price is $146.32.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported ($6.18) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($6.25). The business had revenue of $15.96 billion during the quarter, compared to the consensus estimate of $18.03 billion. Boeing’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.60) EPS. As a group, sell-side analysts predict 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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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