The Boeing Company $BA Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in shares of The Boeing Company (NYSE:BA) by 6.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,278 shares of the aircraft producer’s stock after buying an additional 15,584 shares during the period. Baird Financial Group Inc.’s holdings in Boeing were worth $54,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Boeing by 1.7% during the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after purchasing an additional 1,118,316 shares during the last quarter. Geode Capital Management LLC raised its holdings in Boeing by 2.7% during the second quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after purchasing an additional 432,026 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 3.8% during the second quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock worth $1,116,259,000 after purchasing an additional 196,666 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Boeing by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock worth $888,910,000 after buying an additional 44,338 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Boeing by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 3,145,620 shares of the aircraft producer’s stock valued at $659,102,000 after buying an additional 187,545 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.3%

Shares of BA stock opened at $201.97 on Friday. The company has a market capitalization of $153.51 billion, a P/E ratio of -14.76 and a beta of 1.18. The business’s 50 day moving average is $204.63 and its two-hundred day moving average is $214.11. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last released 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 firm had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the business earned ($10.44) EPS. Boeing’s revenue was up 30.4% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. The trade was 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 link. Also, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $267.00 price objective on shares of Boeing in a report on Friday, November 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $232.09.

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.