Stephens Inc. AR Boosts Holdings in The Boeing Company $BA

Key Points

• Stephens Inc. AR increased its holdings in The Boeing Company by 19.7% during the second quarter, now owning 56,100 shares valued at approximately $11.76 million.
• Several institutional investors have recently bought or increased their positions in Boeing, resulting in hedge funds owning 64.82% of the stock.
• Analysts have set a positive outlook for Boeing, with multiple upgrades in ratings and price targets now ranging from $240.20 to $270.00.

Stephens Inc. AR boosted its position in The Boeing Company (NYSE:BA - Free Report) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,100 shares of the aircraft producer's stock after buying an additional 9,243 shares during the period. Stephens Inc. AR's holdings in Boeing were worth $11,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Revolve Wealth Partners LLC purchased a new position in Boeing in the 4th quarter valued at $201,000. GAMMA Investing LLC grew its position in Boeing by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer's stock valued at $998,000 after buying an additional 716 shares during the last quarter. Advisor Resource Council purchased a new position in Boeing in the 1st quarter valued at $578,000. Cambridge Investment Research Advisors Inc. grew its position in Boeing by 1.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 155,824 shares of the aircraft producer's stock valued at $26,576,000 after buying an additional 2,919 shares during the last quarter. Finally, Live Oak Private Wealth LLC grew its position in Boeing by 0.7% in the 1st quarter. Live Oak Private Wealth LLC now owns 34,033 shares of the aircraft producer's stock valued at $5,804,000 after buying an additional 238 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares of the company's stock, valued at $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BA shares. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Citigroup restated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research report on Tuesday, September 30th. JPMorgan Chase & Co. lifted their price target on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Susquehanna reaffirmed a "positive" rating and set a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $240.20.

Boeing Trading Up 1.8%

Shares of BA stock opened at $216.78 on Tuesday. The firm has a 50-day moving average price of $222.92 and a 200 day moving average price of $208.79. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a market capitalization of $163.92 billion, a price-to-earnings ratio of -13.13 and a beta of 1.47.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. During the same period last year, the firm earned ($2.90) earnings per share. The company's revenue was up 34.9% compared to the same quarter last year. As a group, research analysts predict 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.

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