Boeing Company (The) (BA) Stake Boosted by Foster & Motley Inc.

Foster & Motley Inc. lifted its stake in Boeing Company (The) (NYSE:BA) by 104.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,014 shares of the aircraft producer’s stock after purchasing an additional 2,054 shares during the quarter. Foster & Motley Inc.’s holdings in Boeing Company (The) were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Enterprise Financial Services Corp raised its position in shares of Boeing Company (The) by 9.5% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,747 shares of the aircraft producer’s stock worth $345,000 after purchasing an additional 151 shares during the last quarter. Markel Corp raised its position in shares of Boeing Company (The) by 20.2% in the 2nd quarter. Markel Corp now owns 83,400 shares of the aircraft producer’s stock worth $16,492,000 after purchasing an additional 14,000 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Boeing Company (The) by 9.4% in the 2nd quarter. ST Germain D J Co. Inc. now owns 3,328 shares of the aircraft producer’s stock worth $658,000 after purchasing an additional 285 shares during the last quarter. Braun Stacey Associates Inc. raised its position in shares of Boeing Company (The) by 5.1% in the 2nd quarter. Braun Stacey Associates Inc. now owns 60,415 shares of the aircraft producer’s stock worth $11,947,000 after purchasing an additional 2,955 shares during the last quarter. Finally, River Wealth Advisors LLC raised its position in shares of Boeing Company (The) by 8.9% in the 2nd quarter. River Wealth Advisors LLC now owns 1,593 shares of the aircraft producer’s stock worth $315,000 after purchasing an additional 130 shares during the last quarter. 72.17% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by corporate insiders.

BA has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $215.00 price target (up previously from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reaffirmed a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research raised Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target for the company in a research report on Monday, August 7th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $241.21.

Boeing Company (NYSE:BA) opened at 258.58 on Friday. The stock’s 50 day moving average price is $246.17 and its 200-day moving average price is $209.22. The stock has a market capitalization of $152.84 billion, a PE ratio of 22.65 and a beta of 1.21. Boeing Company has a 52-week low of $131.39 and a 52-week high of $259.30.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. On average, equities analysts expect that Boeing Company will post $10.01 EPS for the current fiscal year.

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Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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