The Boeing Company $BA Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Boeing by 14.3%, now holding 33,449 shares worth approximately $5.7 million after selling 5,591 shares in the 1st quarter.
• Vanguard Group increased its holdings in Boeing by 1.9%, now owning over 65.6 million shares valued at $11.2 billion, while other institutional investors also made significant adjustments to their positions.
• Analysts have mixed opinions on Boeing's stock, with three ratings as Strong Buy, seventeen as Buy, and an average price target of $228.90 amidst recent >earnings results showing a quarterly revenue increase of 34.9%

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,449 shares of the aircraft producer's stock after selling 5,591 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Boeing were worth $5,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock valued at $11,197,468,000 after purchasing an additional 1,212,327 shares in the last quarter. Northern Trust Corp boosted its position in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock valued at $715,979,000 after purchasing an additional 19,615 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Boeing during the 4th quarter valued at about $568,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Boeing during the 4th quarter valued at about $526,889,000. Institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were 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 of the company's stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Jefferies Financial Group raised their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $228.90.

Boeing Price Performance

NYSE BA opened at $225.3060 on Thursday. The company has a 50 day simple moving average of $220.17 and a 200-day simple moving average of $193.55. The firm has a market capitalization of $170.37 billion, a price-to-earnings ratio of -13.65 and a beta of 1.48. 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 posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $20.13 billion. Boeing's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business earned ($2.90) earnings per share. On average, analysts predict that The Boeing Company will post -2.58 EPS for the current year.

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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