The Boeing Company $BA Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group increased its Boeing stake by 1.7% in Q2 to 66,773,360 shares (about 8.83% of the company), with institutional investors holding 64.82% of the stock.
• Boeing reported a steep quarterly EPS miss of ($7.47) versus an expected ($0.51) while revenue rose 30.4% to $23.27 billion; analysts' consensus is a "Moderate Buy" with an average price target of $240.30.
• EVP Uma M. Amuluru sold 1,366 shares at an average price of $197.66 (an 8.53% cut to her holding); insiders now own just 0.09% of Boeing.

Vanguard Group Inc. raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 1.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,773,360 shares of the aircraft producer's stock after buying an additional 1,118,316 shares during the period. Vanguard Group Inc. owned about 8.83% of Boeing worth $13,991,022,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BA. Harbor Asset Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter worth $25,000. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after buying an additional 137 shares during the period. Monetary Management Group Inc. boosted its position in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after buying an additional 50 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Boeing during the second quarter valued at $35,000. Finally, IMG Wealth Management Inc. raised its position in Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer's stock valued at $38,000 after buying an additional 110 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the business's stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company's stock.

Boeing Price Performance

NYSE BA opened at $192.01 on Tuesday. The company's fifty day moving average is $212.07 and its two-hundred day moving average is $214.96. The firm has a market capitalization of $145.94 billion, a price-to-earnings ratio of -14.04 and a beta of 1.44. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the previous year, the business posted ($10.44) earnings per share. The firm's quarterly revenue was up 30.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on BA. Citigroup restated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $251.00 to $240.00 and set an "overweight" rating on the stock in a research note on Thursday, October 30th. UBS Group reissued a "buy" rating on shares of Boeing in a research note on Thursday, October 30th. Finally, Loop Capital set a $223.00 target price on Boeing in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $240.30.

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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