The Boeing Company $BA Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in The Boeing Company (NYSE:BA) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,715 shares of the aircraft producer’s stock after purchasing an additional 390 shares during the period. Blue Trust Inc.’s holdings in Boeing were worth $1,826,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BA. Kingstone Capital Partners Texas LLC acquired a new position in shares of Boeing in the 2nd quarter worth approximately $378,459,000. Vanguard Group Inc. grew its stake 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 during the last quarter. Strs Ohio acquired a new position in shares of Boeing in the 1st quarter worth approximately $98,984,000. Canada Pension Plan Investment Board raised its holdings in Boeing by 243.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after buying an additional 535,060 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Boeing by 938.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock worth $116,669,000 after buying an additional 503,193 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned 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 presently has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value 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 approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value 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. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $211.04 on Friday. The company has a market capitalization of $159.58 billion, a price-to-earnings ratio of -12.78 and a beta of 1.47. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The business’s 50-day moving average is $224.29 and its 200-day moving average is $206.19.

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

Boeing Company 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.