1,767 Shares in The Boeing Company $BA Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has made a new investment in The Boeing Company, purchasing 1,767 shares valued at approximately $301,000.
• Several institutional investors, including Vanguard Group and UBS AM, have increased their holdings in Boeing, highlighting growing confidence in the company.
• Despite a revenue increase of 34.9% year-over-year, Boeing reported a quarterly loss of ($1.24) earnings per share, missing the consensus estimate.

MBB Public Markets I LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,767 shares of the aircraft producer's stock, valued at approximately $301,000.

A number of other large investors have also added to or reduced their stakes in BA. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC increased its stake in shares of Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $33,000. Finally, Proathlete Wealth Management LLC bought a new position in shares of Boeing in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of the firm's 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 transaction, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares of the company's stock, valued at approximately $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. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on BA shares. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Finally, TD Securities downgraded Boeing to a "cautious" rating in a research report on Thursday, May 22nd. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $230.77.

Boeing Stock Performance

Shares of BA traded down $3.87 on Friday, hitting $216.12. 11,078,950 shares of the stock traded hands, compared to its average volume of 6,130,396. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The business has a 50 day simple moving average of $228.76 and a 200 day simple moving average of $199.39. The company has a market capitalization of $163.42 billion, a PE ratio of -13.09 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last released 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 the consensus estimate of $20.13 billion. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted ($2.90) EPS. On average, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

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.