The Boeing Company $BA Shares Purchased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its position in Boeing by 132.4% during Q2, acquiring a total of 65,546 shares valued at approximately $13.7 million.
• Analysts' ratings for Boeing show a consensus of “Moderate Buy” with a target price averaging $230.77, reflecting positive sentiment among research analysts.
• Boeing reported a quarterly revenue of $22.75 billion, surpassing expectations, although it missed EPS estimates, posting a loss of ($1.24) per share.

IFM Investors Pty Ltd lifted its position in The Boeing Company (NYSE:BA - Free Report) by 132.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,546 shares of the aircraft producer's stock after buying an additional 37,348 shares during the period. IFM Investors Pty Ltd's holdings in Boeing were worth $13,734,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Boeing during the fourth quarter worth about $201,000. Bank Pictet & Cie Europe AG purchased a new stake in Boeing in the 4th quarter worth approximately $7,837,000. Vident Advisory LLC raised its position in Boeing by 21.9% in the 4th quarter. Vident Advisory LLC now owns 8,879 shares of the aircraft producer's stock worth $1,572,000 after purchasing an additional 1,595 shares during the period. Cornerstone Advisory LLC boosted its stake in shares of Boeing by 15.4% during the 4th quarter. Cornerstone Advisory LLC now owns 2,831 shares of the aircraft producer's stock valued at $522,000 after purchasing an additional 378 shares in the last quarter. Finally, Retirement Planning Group LLC purchased a new position in Boeing in the fourth quarter worth about $219,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

NYSE:BA traded up $4.04 on Tuesday, reaching $216.13. The company's stock had a trading volume of 5,937,240 shares, compared to its average volume of 8,194,779. The business's 50-day moving average price is $227.61 and its two-hundred day moving average price is $201.73. The firm has a market cap of $163.43 billion, a PE ratio of -13.10 and a beta of 1.48. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period last year, the firm posted ($2.90) earnings per share. The firm's revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. Vertical Research raised shares of Boeing from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. UBS Group set a $280.00 price objective on shares of Boeing and gave the company a "buy" rating in a report on Wednesday, July 30th. Susquehanna reiterated a "positive" rating and issued a $270.00 target price on shares of Boeing in a research report on Monday, September 15th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Finally, Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target for the company in a research note on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $230.77.

Insider Activity at Boeing

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