The Boeing Company $BA Stock Holdings Lifted by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Boeing by 15.7%, acquiring 3,806 additional shares, bringing total holdings to 28,035 shares worth approximately $4.78 million.
• Major institutional investors like Vanguard Group and Charles Schwab also expanded their holdings in Boeing, indicating strong institutional interest in the stock.
• Boeing's latest quarterly earnings revealed a miss on EPS expectations at ($1.24), although revenue reached $22.75 billion, exceeding analyst predictions.

OMERS ADMINISTRATION Corp lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 15.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,035 shares of the aircraft producer's stock after acquiring an additional 3,806 shares during the period. OMERS ADMINISTRATION Corp's holdings in Boeing were worth $4,781,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Truvestments Capital LLC increased its position in shares of Boeing by 20.7% in the first quarter. Truvestments Capital LLC now owns 495 shares of the aircraft producer's stock worth $84,000 after acquiring an additional 85 shares in the last quarter. Paces Ferry Wealth Advisors LLC increased its position in shares of Boeing by 8.0% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 2,895 shares of the aircraft producer's stock worth $494,000 after acquiring an additional 215 shares in the last quarter. Ieq Capital LLC increased its position in shares of Boeing by 4.8% in the first quarter. Ieq Capital LLC now owns 9,739 shares of the aircraft producer's stock worth $1,661,000 after acquiring an additional 447 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in shares of Boeing in the first quarter worth $223,000. Finally, Per Stirling Capital Management LLC. increased its position in shares of Boeing by 21.6% in the first quarter. Per Stirling Capital Management LLC. now owns 4,390 shares of the aircraft producer's stock worth $749,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BA shares. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. UBS Group set a $280.00 price target on shares of Boeing and gave the company a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Finally, TD Securities cut shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Boeing currently has an average rating of "Moderate Buy" and an average price target of $228.90.

Boeing Stock Performance

Shares of BA stock traded down $1.27 during midday trading on Monday, reaching $234.89. 4,997,620 shares of the company were exchanged, compared to its average volume of 5,934,212. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market cap of $177.61 billion, a P/E ratio of -14.23 and a beta of 1.48. The company's 50 day moving average price is $224.62 and its two-hundred day moving average price is $196.18.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business earned ($2.90) EPS. As a group, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company's stock.

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.