Empowered Funds LLC Acquires 1,209 Shares of The Boeing Company $BA

Empowered Funds LLC grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,489 shares of the aircraft producer's stock after purchasing an additional 1,209 shares during the quarter. Empowered Funds LLC's holdings in Boeing were worth $3,665,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. MBB Public Markets I LLC bought a new position in shares of Boeing in the 1st quarter valued at about $301,000. Ascent Group LLC boosted its stake in shares of Boeing by 132.6% in the 1st quarter. Ascent Group LLC now owns 6,097 shares of the aircraft producer's stock valued at $1,040,000 after purchasing an additional 3,476 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Boeing by 3.8% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,545 shares of the aircraft producer's stock valued at $2,140,000 after purchasing an additional 455 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Boeing in the 1st quarter valued at about $1,413,000. Finally, First Dallas Securities Inc. boosted its stake in shares of Boeing by 1.4% in the 1st quarter. First Dallas Securities Inc. now owns 15,676 shares of the aircraft producer's stock valued at $2,674,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA stock opened at $216.12 on Friday. The company has a market capitalization of $163.42 billion, a P/E ratio of -13.09 and a beta of 1.48. The company's 50 day moving average price is $228.76 and its two-hundred day moving average price is $199.21. 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 the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.90) EPS. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley bought 2,200 shares of the company's stock in a transaction 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 acquisition, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm'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 sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BA shares. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Jefferies Financial Group lifted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Susquehanna lifted their price objective on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.77.

Boeing 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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