Citizens Financial Group Inc. RI Raises Stock Position in The Boeing Company $BA

Citizens Financial Group Inc. RI lifted its holdings in The Boeing Company (NYSE:BA) by 94.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,144 shares of the aircraft producer’s stock after buying an additional 5,912 shares during the period. Citizens Financial Group Inc. RI’s holdings in Boeing were worth $2,545,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BA. Wallace Advisory Group LLC lifted its stake in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares during the last quarter. Aspire Capital Advisors LLC raised its holdings in Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC lifted its position in Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares during the last quarter. Blue Barn Wealth LLC boosted its stake in shares of Boeing by 1.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after purchasing an additional 46 shares during the period. Finally, Atlas Brown Inc. grew its holdings in Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $194.45 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a 50-day moving average of $212.85 and a 200 day moving average of $214.90. The firm has a market cap of $147.80 billion, a PE ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the firm earned ($10.44) earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. Sell-side analysts anticipate 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 bought 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BA has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Bank of America upped their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Barclays lifted their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $267.00 price target on shares of Boeing in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $240.30.

Boeing Company 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.