Cadinha & Co. LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 514.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,006 shares of the aircraft producer's stock after purchasing an additional 7,541 shares during the period. Cadinha & Co. LLC's holdings in Boeing were worth $1,887,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BA. Vanguard Group Inc. grew its position in shares of Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock valued at $11,197,468,000 after purchasing an additional 1,212,327 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Boeing by 0.5% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $500,247,000 after purchasing an additional 91,707 shares during the period. Swiss National Bank lifted its holdings in shares of Boeing by 2.5% during the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock worth $359,895,000 after acquiring an additional 51,700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Boeing by 3.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,968,748 shares of the aircraft producer's stock valued at $335,770,000 after purchasing an additional 69,560 shares during the last quarter. Institutional investors own 64.82% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on BA shares. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Barclays increased their price target on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Bank of America raised their price objective on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 1st. UBS Group set a $280.00 target price on Boeing and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Boeing in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $240.20.
Read Our Latest Analysis on Boeing
Insiders Place Their Bets
In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.
Boeing Trading Down 0.3%
Shares of Boeing stock opened at $216.63 on Thursday. The company has a market cap of $163.81 billion, a P/E ratio of -13.09 and a beta of 1.47. The business has a 50-day moving average price of $222.28 and a two-hundred day moving average price of $208.91. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.
Boeing (NYSE:BA - Get Free Report) last issued its earnings results 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 business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.90) EPS. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.
Boeing Company Profile
(
Free Report)
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.
Further Reading

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