Baird Financial Group Inc. Has $41.73 Million Holdings in The Boeing Company $BA

Key Points

• Baird Financial Group Inc. has increased its holdings in The Boeing Company by 10.1%, now owning 244,694 shares valued at approximately $41.73 million.
• Wall Street analysts have mixed sentiments towards Boeing, with a consensus rating of "Moderate Buy" and an average target price of $228.90.
• Boeing reported a $1.24 loss per share for the last quarter, missing expectations, despite a 34.9% year-over-year revenue increase to $22.75 billion.

Baird Financial Group Inc. lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 10.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,694 shares of the aircraft producer's stock after purchasing an additional 22,469 shares during the quarter. Baird Financial Group Inc.'s holdings in Boeing were worth $41,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vestcor Inc boosted its position in Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer's stock worth $2,471,000 after acquiring an additional 1,195 shares during the period. National Pension Service boosted its position in Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer's stock worth $227,365,000 after acquiring an additional 218,049 shares during the period. KKM Financial LLC boosted its position in Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after acquiring an additional 5,175 shares during the period. Wynn Capital LLC acquired a new stake in Boeing during the 1st quarter worth about $584,000. Finally, Advanced Portfolio Management LLC boosted its position in Boeing by 182.2% during the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock worth $2,655,000 after acquiring an additional 9,684 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company's stock, valued at $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on BA shares. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. Citigroup reiterated a "buy" rating on shares of Boeing in a report on Monday, July 28th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a "buy" rating in a report on Thursday, June 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Finally, Susquehanna lifted their price target on Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of "Moderate Buy" and an average price target of $228.90.

Boeing Stock Performance

Shares of Boeing stock traded down $5.05 on Wednesday, reaching $232.33. The stock had a trading volume of 5,925,500 shares, compared to its average volume of 8,276,087. The business's 50-day moving average price is $226.02 and its two-hundred day moving average price is $196.81. 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 cap of $175.68 billion, a P/E ratio of -14.07 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period last year, the firm earned ($2.90) EPS. The company's revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

About Boeing

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.