Robeco Institutional Asset Management B.V. Has $4.01 Million Stake in The Boeing Company $BA

Robeco Institutional Asset Management B.V. increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 37.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 19,159 shares of the aircraft producer's stock after acquiring an additional 5,230 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Boeing were worth $4,014,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 buying an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 buying an additional 91,707 shares during the last quarter. Swiss National Bank grew its holdings 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 buying an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings 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 buying an additional 69,560 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Boeing stock opened at $219.62 on Tuesday. The company has a market capitalization of $166.07 billion, a PE ratio of -13.30 and a beta of 1.47. 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 $224.72 and a 200 day simple moving average of $205.50.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. Boeing's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.90) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

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

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Citigroup reiterated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Finally, Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and raised their price objective for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $233.91.

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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