The Boeing Company $BA Stock Holdings Increased by Bailard Inc.

Bailard Inc. boosted its stake in The Boeing Company (NYSE:BA) by 54.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,119 shares of the aircraft producer’s stock after buying an additional 751 shares during the quarter. Bailard Inc.’s holdings in Boeing were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BA. Harbor Asset Planning Inc. acquired a new position in Boeing in the second quarter worth approximately $25,000. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. increased its stake in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Boeing during the 2nd quarter valued at $35,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $267.00 target price on shares of Boeing in a research report on Friday. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a research note on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group restated a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Finally, Barclays upped their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $240.30.

Boeing Stock Performance

NYSE BA opened at $194.45 on Friday. The stock has a 50-day simple moving average of $212.85 and a 200 day simple moving average of $214.45. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market capitalization of $147.80 billion, a PE ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.