Advisory Services Network LLC Boosts Position in The Boeing Company $BA

Advisory Services Network LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 14.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,264 shares of the aircraft producer’s stock after purchasing an additional 3,614 shares during the period. Advisory Services Network LLC’s holdings in Boeing were worth $6,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BA. L1 Capital Pty Ltd acquired a new stake in shares of Boeing in the 2nd quarter worth about $84,000. Campbell Capital Management Inc. lifted its position in shares of Boeing by 660.5% in the second quarter. Campbell Capital Management Inc. now owns 1,521 shares of the aircraft producer’s stock worth $319,000 after purchasing an additional 1,321 shares in the last quarter. Tactive Advisors LLC acquired a new position in Boeing in the second quarter worth approximately $571,000. Hershey Financial Advisers LLC bought a new stake in Boeing during the second quarter worth approximately $1,372,000. Finally, SPG Advisors LLC bought a new position in shares of Boeing in the second quarter worth about $221,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

BA stock opened at $204.33 on Monday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock has a market capitalization of $155.31 billion, a price-to-earnings ratio of -14.94 and a beta of 1.18. The business’s fifty day moving average price is $202.82 and its two-hundred day moving average price is $214.20.

Boeing (NYSE:BA) last announced its earnings results 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 business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($10.44) EPS. Research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and raised their price target for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Jefferies Financial Group set a $255.00 target price on Boeing in a research report on Tuesday, September 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $267.00 price target on shares of Boeing in a report on Friday, November 14th. UBS Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.96.

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.