The Boeing Company $BA Shares Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC raised its stake in The Boeing Company by 33.8% in Q1, owning 14,819 shares valued at approximately $2.53 million.
• Analysts maintain a mostly positive outlook on Boeing, with the consensus being a "Moderate Buy" and an average price target of $228.90.
• Boeing reported a revenue of $22.75 billion for the last quarter, exceeding analysts' expectations but missing the earnings per share estimate by $0.32.

Focus Partners Advisor Solutions LLC lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 33.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,819 shares of the aircraft producer's stock after acquiring an additional 3,740 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Boeing were worth $2,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Boeing during the fourth quarter worth about $568,000. Zimmer Partners LP purchased a new stake in shares of Boeing in the fourth quarter valued at about $393,736,000. Sculptor Capital LP purchased a new stake in shares of Boeing in the fourth quarter valued at about $265,500,000. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,212,327 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Boeing by 19,333.1% in the first quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer's stock valued at $170,190,000 after purchasing an additional 992,753 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BA shares. Susquehanna upped their price objective on shares of Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Barclays increased their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

Insiders Place Their Bets

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 in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company's stock.

Boeing Price Performance

BA traded down $1.35 during trading hours on Friday, reaching $229.40. 8,198,359 shares of the stock traded hands, compared to its average volume of 5,748,445. The firm's fifty day simple moving average is $227.54 and its two-hundred day simple moving average is $197.69. The company has a market cap of $173.46 billion, a price-to-earnings ratio of -13.89 and a beta of 1.48. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its quarterly 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 quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted ($2.90) earnings per share. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

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.