Banco Bilbao Vizcaya Argentaria S.A. Lowers Stake in The Boeing Company $BA

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of The Boeing Company (NYSE:BA) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,188 shares of the aircraft producer’s stock after selling 2,261 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Boeing were worth $6,565,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wallace Advisory Group LLC raised its holdings in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after acquiring an additional 44 shares during the last quarter. Aspire Capital Advisors LLC grew its position in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC increased its stake in Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after purchasing an additional 46 shares during the last quarter. Blue Barn Wealth LLC lifted its position in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares during the period. Finally, Atlas Brown Inc. boosted its stake in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and upped their price objective for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Thursday, October 30th. Bank of America increased their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Citigroup reissued a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Barclays increased 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 investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $240.30.

Boeing Stock Down 0.1%

Boeing stock opened at $194.45 on Friday. The firm has a fifty day moving average of $212.85 and a 200-day moving average of $214.68. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market capitalization of $147.80 billion, a P/E ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business posted ($10.44) earnings per share. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred 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 $2,896,904.96. This trade represents a 8.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by corporate insiders.

Boeing Company 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.