Motco Has $194,000 Holdings in The Boeing Company $BA

Motco cut its holdings in The Boeing Company (NYSE:BA) by 28.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 874 shares of the aircraft producer’s stock after selling 356 shares during the quarter. Motco’s holdings in Boeing were worth $194,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Boeing by 1.9% in the first 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in Boeing by 0.5% in the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Boeing by 3.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock valued at $500,247,000 after buying an additional 91,707 shares during the period. Swiss National Bank lifted its stake in Boeing by 2.5% in the first quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock valued at $359,895,000 after buying an additional 51,700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Boeing by 2.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,014,928 shares of the aircraft producer’s stock valued at $422,188,000 after acquiring an additional 46,180 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the company’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 directly owned 2,200 shares in the company, valued at $497,420. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Boeing Trading Down 4.3%

Shares of NYSE:BA opened at $213.77 on Thursday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The business’s fifty day simple moving average is $221.23 and its 200-day simple moving average is $212.16. The company has a market capitalization of $161.64 billion, a PE ratio of -12.95 and a beta of 1.47.

Boeing (NYSE:BA) 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. During the same quarter in the previous year, the company earned ($10.44) EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BA shares. 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. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price objective on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Bank of America boosted their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $242.32.

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.