Ameritas Investment Partners Inc. Acquires 9,550 Shares of The Boeing Company $BA

Ameritas Investment Partners Inc. increased its stake in The Boeing Company (NYSE:BA) by 133.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,696 shares of the aircraft producer’s stock after acquiring an additional 9,550 shares during the period. Ameritas Investment Partners Inc.’s holdings in Boeing were worth $3,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the 2nd quarter valued at approximately $25,000. Piscataqua Savings Bank increased its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 137 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Boeing in the second quarter valued at $35,000. IMG Wealth Management Inc. lifted its holdings 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 worth $38,000 after acquiring an additional 110 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Boeing in the 2nd quarter worth about $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $179.07 on Tuesday. The stock has a market cap of $136.11 billion, a price-to-earnings ratio of -13.09 and a beta of 1.44. The firm’s 50-day moving average is $208.16 and its two-hundred day moving average is $214.81. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

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 the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the firm earned ($10.44) earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several analyst reports. Barclays raised their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. BNP Paribas Exane started coverage on Boeing in a report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and boosted their target price for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.