VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in The Boeing Company $BA

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,900 shares of the aircraft producer’s stock, valued at approximately $7,522,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Aspire Capital Advisors LLC lifted its holdings in Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after acquiring an additional 45 shares during the last quarter. Lantz Financial LLC lifted its holdings in Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after acquiring an additional 46 shares during the last quarter. Atlas Brown Inc. lifted its holdings in Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 48 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Boeing by 2.7% in the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after acquiring an additional 48 shares during the last quarter. Finally, Heck Capital Advisors LLC lifted its holdings in Boeing by 3.6% in the second quarter. Heck Capital Advisors LLC now owns 1,398 shares of the aircraft producer’s stock valued at $293,000 after acquiring an additional 49 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on BA. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. JPMorgan Chase & Co. upped their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Susquehanna restated a “positive” rating and set a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Finally, Bank of America upped their price target on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $240.20.

Boeing Trading Up 1.8%

Shares of NYSE BA opened at $216.78 on Tuesday. The stock has a market cap of $163.92 billion, a P/E ratio of -13.13 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The business’s fifty day simple moving average is $222.92 and its 200-day simple moving average is $208.79.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.90) EPS. On average, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Corporate 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.