Assetmark Inc. Acquires 3,493 Shares of The Boeing Company $BA

Assetmark Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 142.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,939 shares of the aircraft producer’s stock after purchasing an additional 3,493 shares during the quarter. Assetmark Inc.’s holdings in Boeing were worth $1,244,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of 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 acquiring an additional 1,195 shares during the period. National Pension Service increased its holdings in Boeing by 19.6% during the 1st 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 during the period. McElhenny Sheffield Capital Management LLC bought a new stake in Boeing during the 2nd quarter valued at $62,859,000. Kelman Lazarov Inc. purchased a new stake in shares of Boeing in the 1st quarter worth $262,000. Finally, Vanguard Group Inc. grew its position in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after buying an additional 1,212,327 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In related 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 purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

Boeing Stock Down 0.1%

Shares of BA opened at $197.76 on Thursday. The company has a 50 day moving average of $218.25 and a two-hundred day moving average of $213.61. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a market cap of $150.32 billion, a price-to-earnings ratio of -14.46 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. The company’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted ($10.44) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research note on Thursday, October 30th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Thursday, October 30th. Bank of America increased 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. Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.80.

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.