Capital Asset Advisory Services LLC Buys 1,681 Shares of The Boeing Company $BA

Key Points

• Capital Asset Advisory Services LLC increased its stake in Boeing by 126.7% in the second quarter, now owning 3,008 shares valued at approximately $631,000.
• Boeing's stock has recently been rated with an average of "Moderate Buy" from analysts, with a consensus price target of $230.77.
• The company reported a loss of $1.24 EPS, missing analysts' estimates, but achieved revenue of $22.75 billion, exceeding expectations by 34.9% compared to the previous year.

Capital Asset Advisory Services LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 126.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,008 shares of the aircraft producer's stock after purchasing an additional 1,681 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Boeing were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BA. Vanguard Group Inc. increased its position in shares of Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after purchasing an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Boeing by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock worth $715,979,000 after purchasing 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 shares of Boeing by 3.2% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Boeing by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,841,432 shares of the aircraft producer's stock worth $502,933,000 after purchasing an additional 369,306 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Boeing in the fourth quarter worth approximately $393,736,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Down 1.8%

Shares of Boeing stock opened at $216.12 on Monday. The company has a market cap of $163.42 billion, a PE ratio of -13.09 and a beta of 1.48. The business has a 50 day moving average of $228.76 and a 200 day moving average of $199.57. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its 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. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.90) EPS. On average, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a research report on Friday, June 27th. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Jefferies Financial Group raised their price objective on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. 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. Finally, TD Securities cut Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $230.77.

Insider Buying and Selling

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

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.

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