Bank Julius Baer & Co. Ltd Zurich Grows Position in The Boeing Company $BA

Bank Julius Baer & Co. Ltd Zurich raised its holdings in The Boeing Company (NYSE:BA) by 157.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,047 shares of the aircraft producer’s stock after acquiring an additional 5,534 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Boeing were worth $1,896,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Auxano Advisors LLC lifted its stake in shares of Boeing by 49.0% in the second quarter. Auxano Advisors LLC now owns 1,922 shares of the aircraft producer’s stock valued at $403,000 after purchasing an additional 632 shares during the period. Wisconsin Wealth Advisors LLC increased its holdings in Boeing by 1.7% in the second quarter. Wisconsin Wealth Advisors LLC now owns 4,151 shares of the aircraft producer’s stock valued at $870,000 after buying an additional 68 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Boeing during the 2nd quarter valued at approximately $1,573,000. Howe & Rusling Inc. boosted its stake in shares of Boeing by 8.3% during the 2nd quarter. Howe & Rusling Inc. now owns 1,785 shares of the aircraft producer’s stock worth $374,000 after acquiring an additional 137 shares in the last quarter. Finally, Weaver Consulting Group grew its holdings in shares of Boeing by 37.9% in the 2nd quarter. Weaver Consulting Group now owns 18,025 shares of the aircraft producer’s stock worth $3,777,000 after acquiring an additional 4,955 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 0.1%

NYSE:BA opened at $179.58 on Friday. The company has a market cap of $136.50 billion, a P/E ratio of -13.13 and a beta of 1.44. The firm’s 50 day moving average is $208.90 and its two-hundred day moving average is $214.69. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

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

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s 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 completion of the sale, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BA has been the subject of several research reports. Barclays lifted their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $267.00 price target on shares of Boeing in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research note on Thursday, October 30th. Zacks Research cut shares of Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Finally, Susquehanna reduced their price target on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $232.09.

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.