The Boeing Company (NYSE:BA) Holdings Lifted by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc increased its position in Boeing by 23.4%, owning a total of 187,720 shares valued at approximately $32 million as of the last reporting period.
• Several large investors, including Geode Capital Management LLC and Northern Trust Corp, have also significantly increased their stakes in Boeing, indicating strong institutional interest in the company.
• Analysts have mixed ratings on Boeing, with four analysts advising a "sell" and seventeen suggesting a "buy," and the stock currently holds an average rating of "Moderate Buy" with a target price of $221.55.

Sather Financial Group Inc raised its stake in The Boeing Company (NYSE:BA - Free Report) by 23.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,720 shares of the aircraft producer's stock after buying an additional 35,544 shares during the quarter. Boeing comprises about 2.1% of Sather Financial Group Inc's portfolio, making the stock its 22nd biggest holding. Sather Financial Group Inc's holdings in Boeing were worth $32,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BA. Wood Tarver Financial Group LLC lifted its position in shares of Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after purchasing an additional 55 shares in the last quarter. Byrne Financial Freedom LLC raised its holdings in Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after acquiring an additional 58 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in Boeing by 0.3% in the first quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock valued at $3,578,000 after acquiring an additional 58 shares in the last quarter. Trek Financial LLC raised its holdings in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after acquiring an additional 60 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in Boeing by 6.1% in the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock valued at $184,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday. Redburn Atlantic raised shares of 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 report on Friday, June 27th. Benchmark cut their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $228.73.

Boeing Trading Up 0.8%

Shares of NYSE BA traded up $1.79 on Wednesday, reaching $227.87. 5,354,215 shares of the company traded hands, compared to its average volume of 8,605,931. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company has a 50 day moving average of $214.01 and a 200 day moving average of $187.68. The stock has a market capitalization of $171.82 billion, a PE ratio of -12.71 and a beta of 1.41.

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 business had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. The firm'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 company posted ($2.90) EPS. As a group, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president owned 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 over the last ninety days. 0.09% of the stock is owned by insiders.

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.