Profund Advisors LLC Acquires 665 Shares of The Boeing Company $BA

Profund Advisors LLC boosted its stake in The Boeing Company (NYSE:BA) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,519 shares of the aircraft producer’s stock after purchasing an additional 665 shares during the period. Profund Advisors LLC’s holdings in Boeing were worth $2,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $201,000. Fidelis Capital Partners LLC boosted its stake in Boeing by 10.6% during the first quarter. Fidelis Capital Partners LLC now owns 2,166 shares of the aircraft producer’s stock worth $385,000 after acquiring an additional 207 shares in the last quarter. IFC Advisors LLC purchased a new stake in Boeing in the first quarter worth about $225,000. Ballentine Partners LLC increased its stake in shares of Boeing by 10.2% during the first quarter. Ballentine Partners LLC now owns 6,377 shares of the aircraft producer’s stock valued at $1,088,000 after purchasing an additional 589 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Boeing by 5.4% during the first quarter. New York State Common Retirement Fund now owns 1,057,661 shares of the aircraft producer’s stock valued at $180,384,000 after purchasing an additional 54,513 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Bank of America upped their price target on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. JPMorgan Chase & Co. cut their price target on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.80.

Boeing Stock Performance

Boeing stock opened at $194.40 on Monday. The stock has a market cap of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44. The stock has a 50-day moving average of $216.65 and a two-hundred day moving average of $214.38. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the business earned ($10.44) EPS. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.