The Boeing Company $BA Shares Purchased by ARS Investment Partners LLC

ARS Investment Partners LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 33.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 122,521 shares of the aircraft producer’s stock after acquiring an additional 30,564 shares during the period. Boeing comprises about 1.9% of ARS Investment Partners LLC’s portfolio, making the stock its 22nd largest holding. ARS Investment Partners LLC’s holdings in Boeing were worth $25,672,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BA. Wallace Advisory Group LLC raised its position in shares of Boeing by 1.2% during the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares during the period. Aspire Capital Advisors LLC raised its holdings in Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC lifted its stake in Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares in the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of Boeing by 1.8% in 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. increased its position in shares of Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after acquiring an additional 48 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BA shares. Barclays upped their price target on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. reduced their target price on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Bank of America upped their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Boeing Stock Performance

NYSE:BA opened at $189.71 on Wednesday. The stock’s 50 day moving average price is $211.28 and its 200 day moving average price is $214.99. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a market capitalization of $144.20 billion, a P/E ratio of -13.87 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) 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. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($10.44) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

About Boeing

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.