The Boeing Company (NYSE:BA) Shares Purchased by Waycross Partners LLC

Key Points

• Waycross Partners LLC increased its stake in The Boeing Company by 43.4% to 181,120 shares, making it its 11th largest holding, valued at approximately $30.89 million.
• Multiple institutional investors have recently expanded their positions in Boeing, indicating strong interest, with institutional ownership now at 64.82%.
• The Boeing Company reported a loss of $1.24 earnings per share for the last quarter, missing estimates but achieving a 34.9% revenue increase year-over-year.

Waycross Partners LLC lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,120 shares of the aircraft producer's stock after purchasing an additional 54,851 shares during the period. Boeing accounts for 3.5% of Waycross Partners LLC's investment portfolio, making the stock its 11th biggest holding. Waycross Partners LLC's holdings in Boeing were worth $30,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG lifted its holdings in Boeing by 38.4% during the 1st quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer's stock worth $307,874,000 after purchasing an additional 501,161 shares in the last quarter. Monetta Financial Services Inc. grew its stake in Boeing by 3.7% in the 1st quarter. Monetta Financial Services Inc. now owns 8,400 shares of the aircraft producer's stock worth $1,433,000 after buying an additional 300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 19,615 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Boeing in the 1st quarter worth approximately $193,000. Finally, Primecap Management Co. CA lifted its stake in Boeing by 17.9% in the first quarter. Primecap Management Co. CA now owns 376,420 shares of the aircraft producer's stock worth $64,198,000 after purchasing an additional 57,120 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BA. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research note on Wednesday, July 30th. Susquehanna upped their target price on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Finally, TD Securities cut Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and an average price target of $228.90.

Boeing Trading Up 0.8%

Shares of NYSE:BA traded up $1.75 during trading on Friday, reaching $229.08. The stock had a trading volume of 4,716,407 shares, compared to its average volume of 7,343,935. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The firm's 50-day simple moving average is $216.95 and its 200 day simple moving average is $190.20. The company has a market capitalization of $173.22 billion, a P/E ratio of -13.88 and a beta of 1.48.

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