The Boeing Company $BA Position Reduced by Paradoxiom Capital L.P.

Key Points

• Paradoxiom Capital L.P. reduced its holdings in Boeing by 2.4% during the first quarter, now holding 55,832 shares, valued at about $9.5 million.
• Large investors such as American National Bank & Trust and Dogwood Wealth Management significantly increased their stakes in Boeing, with some raising their positions over 400%.
• Boeing's latest earnings report revealed a net loss of ($1.24) per share, missing analysts' estimates while revenue increased 34.9% year-over-year to $22.75 billion.

Paradoxiom Capital L.P. lessened its holdings in The Boeing Company (NYSE:BA - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,832 shares of the aircraft producer's stock after selling 1,361 shares during the quarter. Boeing accounts for 6.2% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its biggest position. Paradoxiom Capital L.P.'s holdings in Boeing were worth $9,522,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. American National Bank & Trust raised its position in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC raised its position in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the period. Dogwood Wealth Management LLC grew its holdings in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Boeing in the 4th quarter worth $33,000. Finally, Proathlete Wealth Management LLC bought a new stake in Boeing in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, 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.

Boeing Trading Down 0.6%

Shares of BA opened at $229.40 on Friday. The firm's 50-day moving average price is $227.54 and its 200-day moving average price is $197.69. The firm has a market capitalization of $173.47 billion, a price-to-earnings ratio of -13.89 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 announced its 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 for the quarter, compared to analysts' expectations of $20.13 billion. The company's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned ($2.90) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Susquehanna raised their price target on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. KGI Securities raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

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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