1,381 Shares in The Boeing Company $BA Bought by Conrad Siegel Investment Advisors Inc.

Key Points

• Conrad Siegel Investment Advisors Inc. purchased 1,381 shares of The Boeing Company, valued at approximately $289,000, during the second quarter.
• Boeing recently reported earnings of ($1.24) per share, which missed analysts' expectations, though the company achieved a 34.9% increase in revenue year-over-year.
• Wall Street analysts have revised Boeing’s outlook, with three upgrading the stock to a Strong Buy rating and an average price target set at $230.77.

Conrad Siegel Investment Advisors Inc. bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,381 shares of the aircraft producer's stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake 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 worth $11,197,468,000 after buying an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 19,615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Boeing by 3.2% during 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 valued at $500,247,000 after purchasing an additional 91,707 shares during the last quarter. Swiss National Bank raised its stake 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 purchasing an additional 51,700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Boeing by 3.7% during 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 purchasing an additional 69,560 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE BA traded down $3.39 during mid-day trading on Monday, hitting $212.26. 7,340,549 shares of the stock traded hands, compared to its average volume of 6,313,642. The stock has a fifty day moving average price of $227.61 and a 200-day moving average price of $201.73. The company has a market cap of $160.50 billion, a price-to-earnings ratio of -12.86 and a beta of 1.48. 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 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, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Vertical Research upgraded shares of Boeing from a "hold" rating to a "buy" rating and raised their price objective for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a "buy" rating in a report on Wednesday, July 30th. Bank of America boosted their price objective on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $250.00 price target on shares of Boeing in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus price target of $230.77.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the 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 transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company's stock, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company's stock.

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.