Baader Bank Aktiengesellschaft Invests $541,000 in The Boeing Company $BA

Key Points

• Baader Bank Aktiengesellschaft has invested approximately $541,000 in The Boeing Company by purchasing 2,581 shares during the second quarter, according to a recent SEC filing.
• Boeing's stock has experienced a year-to-date high of $242.69 and a low of $128.88, currently trading around $215.66, with a market capitalization of $163.07 billion.
• Despite reporting a wider loss of ($1.24) EPS in its latest quarterly earnings, Boeing's revenue increased by 34.9% year-over-year, totaling $22.75 billion.

Baader Bank Aktiengesellschaft acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,581 shares of the aircraft producer's stock, valued at approximately $541,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Boeing by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock valued at $715,979,000 after acquiring an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Boeing by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer's stock valued at $500,247,000 after acquiring an additional 91,707 shares during the last quarter. Swiss National Bank increased its position in Boeing by 2.5% during the first quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock valued at $359,895,000 after acquiring an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Boeing by 3.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,968,748 shares of the aircraft producer's stock worth $335,770,000 after buying an additional 69,560 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Down 1.6%

Boeing stock traded down $3.39 during midday trading on Monday, reaching $212.26. 7,340,549 shares of the stock traded hands, compared to its average volume of 6,313,642. The stock's fifty day moving average is $227.61 and its 200-day moving average is $201.73. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a market cap of $160.50 billion, a P/E ratio of -12.86 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the previous year, the firm posted ($2.90) earnings per share. The company's revenue was up 34.9% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target for the company in a research report on Friday, June 27th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Citigroup restated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. UBS Group set a $280.00 price target on Boeing and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Boeing currently has an average rating of "Moderate Buy" and an average price target of $230.77.

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.