Osterweis Capital Management Inc. Has $18.74 Million Stock Position in The Boeing Company $BA

Key Points

• Osterweis Capital Management Inc. increased its position in Boeing by 31.8%, owning 109,881 shares worth approximately $18.74 million as of the first quarter.
• Multiple analysts have raised their price targets for Boeing, with Bank of America setting a target of $270 and Barclays at $255, while the stock has a consensus rating of "Moderate Buy."
• Boeing reported a loss of $1.24 per share last quarter, underperforming analyst expectations, despite a revenue increase of 34.9% year-over-year to $22.75 billion.

Osterweis Capital Management Inc. lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 31.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,881 shares of the aircraft producer's stock after buying an additional 26,522 shares during the period. Osterweis Capital Management Inc.'s holdings in Boeing were worth $18,740,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. American National Bank & Trust grew its position in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares during the last quarter. REAP Financial Group LLC grew its position in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Dogwood Wealth Management LLC grew its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Boeing during the 4th quarter worth $33,000. Finally, Proathlete Wealth Management LLC bought a new stake in Boeing during the 1st quarter worth $34,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BA shares. Bank of America boosted their price objective on Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Citigroup restated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.77.

Boeing Trading Down 3.2%

NYSE BA opened at $220.27 on Friday. The business's 50-day moving average price is $228.76 and its two-hundred day moving average price is $198.95. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market capitalization of $166.56 billion, a PE ratio of -13.34 and a beta of 1.48.

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 during the quarter, compared to analysts' expectations of $20.13 billion. The company's revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.90) EPS. As a group, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares of the company's stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

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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