Vestmark Advisory Solutions Inc. Makes New $204,000 Investment in The Boeing Company $BA

Vestmark Advisory Solutions Inc. acquired a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 974 shares of the aircraft producer’s stock, valued at approximately $204,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 1,212,327 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after buying an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Boeing by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock valued at $500,247,000 after buying an additional 91,707 shares during the last quarter. Swiss National Bank grew its position in shares of Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock valued at $359,895,000 after buying an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Boeing by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,014,928 shares of the aircraft producer’s stock worth $422,188,000 after acquiring an additional 46,180 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insiders Place Their Bets

In other 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 price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction 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. This represents a 8.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 0.4%

Boeing stock opened at $194.76 on Thursday. The firm has a market capitalization of $148.03 billion, a PE ratio of -14.23 and a beta of 1.44. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The firm’s 50-day simple moving average is $214.27 and its 200 day simple moving average is $214.50.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($10.44) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Loop Capital set a $223.00 price objective on shares of Boeing in a research note on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Sanford C. Bernstein upped their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.05.

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.