First National Bank & Trust Co. of Newtown Invests $254,000 in The Boeing Company $BA

Key Points

• First National Bank & Trust Co. of Newtown invested $254,000 in Boeing, purchasing 1,213 shares during the second quarter, as noted in their recent 13F filing with SEC.
• Boeing's recent quarterly earnings report showed a loss of ($1.24) EPS, missing analysts' expectations of ($0.92), but with revenue of $22.75 billion surpassing estimates of $20.13 billion.
• Institutional investors own approximately 64.82% of Boeing's stock, with several large investment firms increasing their positions in the company recently.

First National Bank & Trust Co. of Newtown purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,213 shares of the aircraft producer's stock, valued at approximately $254,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position 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. lifted its position 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $500,247,000 after purchasing an additional 91,707 shares during the last quarter. Swiss National Bank lifted its position in Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock valued at $359,895,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position 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 valued at $335,770,000 after purchasing an additional 69,560 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

NYSE BA opened at $215.24 on Thursday. The company's 50 day simple moving average is $225.67 and its 200 day simple moving average is $204.00. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market capitalization of $162.75 billion, a P/E ratio of -13.04 and a beta of 1.47.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $20.13 billion. During the same period last year, the company earned ($2.90) earnings per share. The business's revenue for the quarter was up 34.9% on a year-over-year basis. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the 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 of the company's stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BA shares. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Bank of America lifted their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research note on Tuesday. Finally, Citigroup reissued a "buy" rating on shares of Boeing in a research note on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $231.00.

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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