Clal Insurance Enterprises Holdings Ltd Grows Holdings in The Boeing Company $BA

Clal Insurance Enterprises Holdings Ltd raised its position in The Boeing Company (NYSE:BA) by 80.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,000 shares of the aircraft producer’s stock after buying an additional 4,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Boeing were worth $1,886,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BA. Wallace Advisory Group LLC grew its holdings in shares of Boeing by 1.2% in the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after acquiring an additional 44 shares in the last quarter. Aspire Capital Advisors LLC grew its stake in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC grew its stake in Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after purchasing an additional 46 shares during the period. Blue Barn Wealth LLC increased its position in shares of Boeing by 1.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after purchasing an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. raised its stake in shares of Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 48 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This trade represents a 8.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BA shares. UBS Group reissued a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Susquehanna lowered their price objective on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research report on Wednesday, November 12th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and upped their price objective for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.00.

Boeing Trading Down 1.1%

BA opened at $189.71 on Wednesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market cap of $144.20 billion, a PE ratio of -13.87 and a beta of 1.44. The company has a 50 day moving average of $211.28 and a 200 day moving average of $214.99.

Boeing (NYSE:BA) last posted its 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 during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) EPS. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.