The Boeing Company $BA Shares Acquired by Aviso Financial Inc.

Aviso Financial Inc. raised its holdings in shares of The Boeing Company (NYSE:BA) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,930 shares of the aircraft producer’s stock after acquiring an additional 80 shares during the quarter. Aviso Financial Inc.’s holdings in Boeing were worth $1,011,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted 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 acquiring an additional 1,212,327 shares in the last quarter. Northern Trust Corp boosted its position in shares of Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after purchasing an additional 19,615 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $568,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Boeing in the 4th quarter valued at about $526,889,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BA. Susquehanna upped their target price on Boeing from $265.00 to $270.00 and gave the company a “positive” rating in a research report on Wednesday, July 30th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, UBS Group set a $280.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $228.90.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction 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 transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA opened at $232.48 on Tuesday. The business has a 50 day simple moving average of $219.75 and a 200-day simple moving average of $193.10. The stock has a market capitalization of $175.79 billion, a P/E ratio of -14.08 and a beta of 1.48. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data 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. The business’s revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.90) earnings per share. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

About Boeing

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.