The Boeing Company $BA Position Increased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. increased its stake in Boeing by 0.2%, now owning 748,317 shares, which represents approximately $156.8 million in value.
• Boeing has recently reported a loss of $1.24 EPS, which missed analysts' expectations, despite achieving a 34.9% year-over-year revenue growth to $22.75 billion.
• Several analysts have upgraded Boeing's stock ratings, with three rating it as "Strong Buy" and raising price targets significantly, reflecting a positive outlook on the stock.

Fort Washington Investment Advisors Inc. OH increased its stake in The Boeing Company (NYSE:BA - Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 748,317 shares of the aircraft producer's stock after purchasing an additional 1,219 shares during the period. Boeing accounts for 0.9% of Fort Washington Investment Advisors Inc. OH's portfolio, making the stock its 24th largest position. Fort Washington Investment Advisors Inc. OH owned approximately 0.10% of Boeing worth $156,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Stockman Wealth Management Inc. bought a new stake in Boeing during the 2nd quarter valued at $234,000. Guardian Investment Management raised its stake in Boeing by 2.2% during the 2nd quarter. Guardian Investment Management now owns 7,100 shares of the aircraft producer's stock valued at $1,488,000 after acquiring an additional 150 shares in the last quarter. Worth Financial Advisory Group LLC raised its stake in Boeing by 12.2% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 1,624 shares of the aircraft producer's stock valued at $340,000 after acquiring an additional 177 shares in the last quarter. Uncommon Cents Investing LLC raised its stake in Boeing by 2.6% during the 2nd quarter. Uncommon Cents Investing LLC now owns 8,365 shares of the aircraft producer's stock valued at $1,753,000 after acquiring an additional 215 shares in the last quarter. Finally, KWB Wealth raised its stake in Boeing by 15.1% during the 2nd quarter. KWB Wealth now owns 2,037 shares of the aircraft producer's stock valued at $427,000 after acquiring an additional 268 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Trading Up 3.6%

NYSE BA opened at $221.28 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a market cap of $167.32 billion, a PE ratio of -13.40 and a beta of 1.48. The stock's 50-day moving average price is $226.53 and its two-hundred day moving average price is $203.15.

Boeing (NYSE:BA - Get Free Report) last issued 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 firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the company earned ($2.90) EPS. The company's quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company's stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Vertical Research raised Boeing from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Jefferies Financial Group boosted their price objective on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Finally, Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $230.77.

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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