Capital Advisors Ltd. LLC Raises Holdings in The Boeing Company $BA

Capital Advisors Ltd. LLC increased its position in shares of The Boeing Company (NYSE:BA) by 16.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 916 shares of the aircraft producer’s stock after purchasing an additional 132 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Boeing were worth $192,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vestcor Inc increased its position in shares of Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service increased its position in shares of Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after purchasing an additional 218,049 shares in the last quarter. MFG Wealth Management Inc. purchased a new stake in Boeing in the 1st quarter valued at $2,125,000. Kelman Lazarov Inc. purchased a new stake in Boeing in the 1st quarter valued at $262,000. Finally, Vanguard Group Inc. grew its holdings in Boeing by 1.9% in 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 buying an additional 1,212,327 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The stock was 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 represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at $497,420. This represents a ? increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Down 3.9%

Shares of Boeing stock opened at $216.48 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The business’s fifty day simple moving average is $224.51 and its 200-day simple moving average is $205.99. The firm has a market cap of $163.69 billion, a PE ratio of -13.11 and a beta of 1.47.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter last year, the firm posted ($2.90) earnings per share. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BA. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price for the company in a report on Friday, June 27th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $233.91.

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.