Client 1ST Advisory Group LLC Invests $244,000 in The Boeing Company $BA

Key Points

• Client 1ST Advisory Group LLC has invested approximately $244,000 in Boeing, acquiring 1,165 shares during the 2nd quarter.
• Institutional ownership of Boeing shares is significant, with 64.82% owned by hedge funds and institutional investors, including notable increases by Vanguard and UBS.
• Analysts have varied price targets for Boeing stock, with a consensus average target price of $231.00, highlighting a mix of ratings including three Strong Buy and twenty-four Buy ratings overall.

Client 1ST Advisory Group LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,165 shares of the aircraft producer's stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. Charles Schwab Investment Management Inc. lifted 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 worth $715,979,000 after buying an additional 19,615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Boeing by 3.2% in the 1st 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 buying an additional 91,707 shares during the period. Swiss National Bank lifted its holdings in Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock worth $359,895,000 after buying an additional 51,700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in 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 worth $335,770,000 after buying an additional 69,560 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group set a $255.00 price objective on Boeing in a report on Tuesday. Royal Bank Of Canada restated an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research note on Monday. Citigroup restated a "buy" rating on shares of Boeing in a research note on Monday, July 28th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised their target price on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $231.00.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The stock was 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 owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Boeing Trading Down 0.6%

Shares of NYSE:BA opened at $215.88 on Wednesday. The stock has a fifty day simple moving average of $226.04 and a two-hundred day simple moving average of $203.92. The stock has a market capitalization of $163.24 billion, a price-to-earnings ratio of -13.08 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) 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 company's revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

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.

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