Ameritas Advisory Services LLC Boosts Holdings in The Boeing Company $BA

Key Points

• Ameritas Advisory Services increased its Boeing stake by 68.1% in the second quarter, ending with 30,801 shares valued at approximately $6.67 million. Institutional investors and hedge funds collectively own 64.82% of Boeing.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $272.58, although Goldman Sachs and Citigroup recently downgraded the stock.
• Boeing reported quarterly revenue of $24.56 billion, up 8% year over year, but its adjusted loss of $0.76 per share missed analyst expectations of a $0.34 loss. Shares opened at $212.15, below their 50-day and 200-day moving averages.

Ameritas Advisory Services LLC boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 68.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,801 shares of the aircraft producer's stock after buying an additional 12,477 shares during the period. Ameritas Advisory Services LLC's holdings in Boeing were worth $6,668,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. XML Financial LLC lifted its position in Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer's stock worth $1,933,000 after acquiring an additional 43 shares during the period. Strait & Sound Wealth Management LLC lifted its holdings in Boeing by 1.1% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer's stock valued at $850,000 after acquiring an additional 44 shares during the period. B.O.S.S. Retirement Advisors LLC lifted its holdings in Boeing by 1.4% in the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer's stock valued at $632,000 after acquiring an additional 44 shares during the period. Horizon Bancorp Inc. IN boosted its position in Boeing by 3.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer's stock worth $297,000 after purchasing an additional 45 shares in the last quarter. Finally, Davis R M Inc. boosted its position in Boeing by 1.5% in the 4th quarter. Davis R M Inc. now owns 3,141 shares of the aircraft producer's stock worth $682,000 after purchasing an additional 47 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BA shares. Sanford C. Bernstein started coverage on shares of Boeing in a report on Tuesday, August 11th. They set an "outperform" rating for the company. Btg Pactual set a $260.00 price target on shares of Boeing in a report on Tuesday, July 14th. William Blair reiterated an "outperform" rating on shares of Boeing in a research report on Tuesday, July 28th. The Goldman Sachs Group cut shares of Boeing from a "buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Citigroup cut shares of Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $272.58.

Boeing Stock Performance

Shares of Boeing stock opened at $212.15 on Tuesday. The business's 50 day moving average price is $219.58 and its 200 day moving average price is $219.85. The company has a market cap of $167.68 billion, a price-to-earnings ratio of 91.84 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. During the same quarter in the previous year, the company earned ($1.24) earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -0.87 EPS for the current year.

Boeing Company Profile

Boeing Company NYSE: BA is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing's principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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