US Bancorp DE Boosts Stock Holdings in The Boeing Company $BA

Key Points

• US Bancorp DE increased its stake in Boeing by 8.1%, owning 262,288 shares valued at approximately $54.96 million after purchasing an additional 19,636 shares in the second quarter.
• Boeing's stock recently reported a quarterly EPS of ($1.24), missing expectations, although revenue rose 34.9% year-over-year to $22.75 billion.
• Several analysts issued positive ratings for Boeing with price targets ranging from $250.00 to $270.00, while institutional investors own 64.82% of the stock.

US Bancorp DE boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,288 shares of the aircraft producer's stock after purchasing an additional 19,636 shares during the period. US Bancorp DE's holdings in Boeing were worth $54,957,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BA. Aspire Capital Advisors LLC increased its position in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer's stock worth $1,245,000 after acquiring an additional 45 shares in the last quarter. Lantz Financial LLC raised its holdings in shares of Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer's stock valued at $644,000 after acquiring an additional 46 shares during the period. Atlas Brown Inc. raised its holdings in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer's stock valued at $1,362,000 after acquiring an additional 48 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Boeing by 2.7% during the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer's stock valued at $385,000 after acquiring an additional 48 shares during the period. Finally, Heck Capital Advisors LLC raised its holdings in shares of Boeing by 3.6% during the second quarter. Heck Capital Advisors LLC now owns 1,398 shares of the aircraft producer's stock valued at $293,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Down 3.9%

BA stock opened at $216.48 on Friday. The company has a market capitalization of $163.69 billion, a price-to-earnings ratio of -13.11 and a beta of 1.47. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a 50 day moving average of $224.51 and a two-hundred day moving average of $205.99.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the company earned ($2.90) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BA. Susquehanna restated a "positive" rating and set a $270.00 price target on shares of Boeing in a report on Monday, September 15th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. Bank of America upped their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.91.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 approximately $8,248,637.62. This 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 currently owned by corporate insiders.

About Boeing

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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