Vestmark Advisory Solutions Inc. Takes $204,000 Position in The Boeing Company $BA

Vestmark Advisory Solutions Inc. purchased a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 974 shares of the aircraft producer’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Boeing during the second quarter valued at approximately $378,459,000. Vanguard Group Inc. grew 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 worth $11,197,468,000 after purchasing an additional 1,212,327 shares during the period. Bessemer Group Inc. grew its holdings in Boeing by 3,581.5% in the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after purchasing an additional 692,489 shares during the period. Strs Ohio purchased a new stake in shares of Boeing in the first quarter worth $98,984,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Boeing by 243.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after purchasing an additional 535,060 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $194.76 on Thursday. The firm has a fifty day moving average price of $214.27 and a 200 day moving average price of $214.50. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a market cap of $148.03 billion, a PE ratio of -14.23 and a beta of 1.44.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the firm posted ($10.44) earnings per share. Boeing’s revenue was up 30.4% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Loop Capital set a $223.00 price objective on Boeing in a research report on Monday, November 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and boosted their target price for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Barclays raised their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Jefferies Financial Group set a $255.00 price objective on Boeing in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.05.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.09% of the company’s stock.

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.