Exencial Wealth Advisors LLC Boosts Stock Position in The Boeing Company $BA

Exencial Wealth Advisors LLC lifted its stake in The Boeing Company (NYSE:BA) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,893 shares of the aircraft producer’s stock after purchasing an additional 367 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Boeing were worth $1,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $378,459,000. Vanguard Group Inc. raised its stake in Boeing by 1.9% during 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. Strs Ohio acquired a new position in Boeing in the 1st quarter valued at about $98,984,000. Canada Pension Plan Investment Board grew its stake 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 valued at $128,689,000 after buying an additional 535,060 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Boeing by 938.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock worth $116,669,000 after buying an additional 503,193 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.4%

BA opened at $217.52 on Friday. The stock’s 50-day moving average price is $221.97 and its 200 day moving average price is $209.45. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market cap of $164.48 billion, a price-to-earnings ratio of -13.18 and a beta of 1.47.

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

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BA. Bank of America upped their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. UBS Group set a $280.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Sanford C. Bernstein increased their target price on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.32.

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.