Czech National Bank Purchases 11,941 Shares of The Boeing Company $BA

Key Points

• The Czech National Bank increased its stake in The Boeing Company by 6.9%, acquiring an additional 11,941 shares during the second quarter, bringing its total holdings to 184,270 shares valued at approximately $38.61 million.
• Several institutional investors, including Vanguard Group and Charles Schwab, have also increased their holdings in Boeing, with Vanguard now owning 65.6 million shares valued at over $11 billion.
• Boeing's recent earnings report revealed a wider-than-expected loss of ($1.24) EPS, despite a significant increase in revenue of 34.9% year-over-year, totaling $22.75 billion.

Czech National Bank increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,270 shares of the aircraft producer's stock after acquiring an additional 11,941 shares during the quarter. Czech National Bank's holdings in Boeing were worth $38,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock valued at $11,197,468,000 after buying an additional 1,212,327 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $715,979,000 after buying an additional 19,615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 valued at $500,247,000 after buying an additional 91,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 valued at $502,933,000 after buying an additional 369,306 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in Boeing in the fourth quarter valued at approximately $393,736,000. Institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In related 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 transaction 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. 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 is accessible through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director 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.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Vertical Research upgraded shares of Boeing from a "hold" rating to a "buy" rating and lifted their price objective for the company from $242.00 to $270.00 in a report on Monday, September 8th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Finally, TD Securities downgraded shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and a consensus target price of $230.77.

Boeing Trading Down 0.1%

Shares of BA opened at $215.73 on Tuesday. The company has a market cap of $163.13 billion, a price-to-earnings ratio of -13.07 and a beta of 1.48. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company's fifty day simple moving average is $228.71 and its 200 day simple moving average is $199.86.

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 company had revenue of $22.75 billion for 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 quarter last year, the firm posted ($2.90) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.