The Boeing Company $BA Shares Acquired by Auxano Advisors LLC

Auxano Advisors LLC lifted its holdings in The Boeing Company (NYSE:BA) by 49.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,922 shares of the aircraft producer’s stock after purchasing an additional 632 shares during the quarter. Auxano Advisors LLC’s holdings in Boeing were worth $403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. purchased a new stake in Boeing in the second quarter valued at about $25,000. Piscataqua Savings Bank grew its stake in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Monetary Management Group Inc. increased its holdings in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. raised its position in shares of Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $267.00 price objective on shares of Boeing in a research note on Friday, November 14th. Loop Capital set a $223.00 target price on Boeing in a research report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Boeing Stock Performance

BA opened at $185.69 on Thursday. The stock has a market capitalization of $141.15 billion, a PE ratio of -13.57 and a beta of 1.44. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The business’s 50 day moving average price is $210.44 and its 200 day moving average price is $214.79.

Boeing (NYSE:BA) last posted 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 business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company earned ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.