The Boeing Company $BA Stock Position Reduced by LexAurum Advisors LLC

LexAurum Advisors LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,744 shares of the aircraft producer’s stock after selling 96 shares during the period. LexAurum Advisors LLC’s holdings in Boeing were worth $784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Kingstone Capital Partners Texas LLC purchased a new position in Boeing during the second quarter valued at approximately $378,459,000. Vanguard Group Inc. lifted 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 valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Strs Ohio acquired a new stake in Boeing in the first quarter valued at approximately $98,984,000. Canada Pension Plan Investment Board lifted its stake in Boeing by 243.8% in the first quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock valued at $128,689,000 after acquiring an additional 535,060 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Boeing by 38.4% in the first quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer’s stock valued at $307,874,000 after acquiring an additional 501,161 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BA. Susquehanna reiterated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research note on Monday, September 15th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Barclays lifted their target price on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $230.77.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president 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 disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Down 1.8%

Shares of Boeing stock opened at $217.23 on Tuesday. The firm has a fifty day simple moving average of $226.29 and a 200-day simple moving average of $203.84. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market capitalization of $164.26 billion, a price-to-earnings ratio of -13.16 and a beta of 1.48.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period last year, the firm earned ($2.90) EPS. The company’s revenue was up 34.9% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current 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.