Vestor Capital LLC Buys 243,152 Shares of The Boeing Company $BA

Key Points

• Vestor Capital LLC bought 243,152 shares of The Boeing Company, raising its stake by 8,287.4% to 246,086 shares valued at about $51.56 million, making Boeing 1.5% of the fund and its 11th-largest holding.
• Boeing reported a heavy quarterly EPS miss of -$7.47 versus a consensus of -$0.51, although revenue rose 30.4% year-over-year to $23.27 billion and beat estimates.
• Analysts hold a consensus rating of "Moderate Buy" on Boeing with an average price target of $232.09, while individual ratings range from Strong Buy to Sell.

Vestor Capital LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 8,287.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 246,086 shares of the aircraft producer's stock after purchasing an additional 243,152 shares during the quarter. Boeing accounts for 1.5% of Vestor Capital LLC's holdings, making the stock its 11th biggest holding. Vestor Capital LLC's holdings in Boeing were worth $51,562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BA. Harbor Asset Planning Inc. purchased a new position in shares of Boeing during the 2nd quarter worth about $25,000. Piscataqua Savings Bank raised its position in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 137 shares during the period. Monetary Management Group Inc. lifted its stake in 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 purchasing an additional 50 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Boeing during the second quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. raised its holdings in shares of Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer's stock worth $38,000 after buying an additional 110 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the business's stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Up 0.1%

Shares of NYSE:BA opened at $179.58 on Friday. The company has a market capitalization of $136.50 billion, a price-to-earnings ratio of -13.13 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. The firm has a 50 day moving average of $208.90 and a 200 day moving average of $214.69.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft cut Boeing from a "buy" rating to a "hold" rating and set a $240.00 price objective for the company. in a report on Thursday, October 30th. Bank of America upped their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $251.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, October 30th. Royal Bank Of Canada restated an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $267.00 price target on shares of Boeing in a report on Friday, November 14th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $232.09.

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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