The Boeing Company $BA Stock Holdings Increased by Strategic Investment Solutions Inc. IL

Key Points

• Strategic Investment Solutions Inc. IL increased its holdings in Boeing by 810.6% during the second quarter, owning a total of 1,548 shares worth approximately $324,000.
• Boeing's stock is currently trading at $213.60 with a market capitalization of $161.52 billion and faces challenges with a recent missed earnings per share target of ($1.24).
• Analysts maintain a consensus rating of "Moderate Buy" for Boeing with an average target price of $230.77, reflecting confidence in the company despite its recent stock performance.

Strategic Investment Solutions Inc. IL increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 810.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548 shares of the aircraft producer's stock after purchasing an additional 1,378 shares during the quarter. Strategic Investment Solutions Inc. IL's holdings in Boeing were worth $324,000 at the end of the most recent quarter.

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

Boeing Stock Down 0.7%

NYSE BA opened at $213.60 on Friday. The stock has a market capitalization of $161.52 billion, a PE ratio of -12.94 and a beta of 1.48. The company has a 50 day moving average price of $226.69 and a two-hundred day moving average price of $202.38. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last posted its 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 business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The firm's revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the business earned ($2.90) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company's stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 completion of the sale, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BA. 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. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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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