U.S. Capital Wealth Advisors LLC Grows Position in The Boeing Company $BA

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Boeing by 4.0%, owning 62,234 shares worth $13.04 million after acquiring additional shares during the second quarter.
• Several analysts have recently upgraded Boeing's stock ratings, with KGI Securities and Redburn Atlantic moving the stock to a "strong-buy" rating and price targets increasing to as high as $275.00.
• Boeing reported a quarterly earnings miss with EPS at ($1.24), although revenue increased to $22.75 billion, showcasing a 34.9% year-over-year growth.

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,234 shares of the aircraft producer's stock after acquiring an additional 2,396 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Boeing were worth $13,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after acquiring an additional 1,212,327 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Boeing by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock worth $715,979,000 after acquiring an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Boeing by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer's stock valued at $500,247,000 after acquiring an additional 91,707 shares during the last quarter. Swiss National Bank increased its position in Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock valued at $359,895,000 after buying an additional 51,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Boeing by 3.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,968,748 shares of the aircraft producer's stock valued at $335,770,000 after purchasing an additional 69,560 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price on the stock in a research note on Friday, June 27th. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Bank of America lifted their price objective on Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $250.00 target price on shares of Boeing in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.77.

Boeing Stock Performance

Boeing stock traded down $3.39 during midday trading on Monday, hitting $212.26. 7,340,549 shares of the company's stock were exchanged, compared to its average volume of 6,313,642. The firm has a 50-day moving average of $227.61 and a two-hundred day moving average of $201.73. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market cap of $160.50 billion, a PE ratio of -12.86 and a beta of 1.48.

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 during the quarter, compared to analysts' expectations of $20.13 billion. Boeing's revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted ($2.90) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost 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 represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company's 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 sale, 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. Corporate insiders own 0.09% of the company's stock.

Boeing Company 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.