Auxano Advisors LLC Grows Stock Holdings in The Boeing Company $BA

Auxano Advisors LLC lifted its position in The Boeing Company (NYSE:BA) by 49.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,922 shares of the aircraft producer’s stock after buying an additional 632 shares during the quarter. Auxano Advisors LLC’s holdings in Boeing were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing during the second quarter worth about $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Boeing during the 2nd quarter worth approximately $35,000. IMG Wealth Management Inc. lifted its holdings in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after buying an additional 110 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in Boeing in the 2nd quarter valued at approximately $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. BNP Paribas set a $150.00 target price on Boeing in a research note on Tuesday. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Loop Capital set a $223.00 target price on shares of Boeing in a research note on Monday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Finally, Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were 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 of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $185.69 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The business has a 50 day moving average price of $210.44 and a 200 day moving average price of $214.79. The company has a market capitalization of $141.15 billion, a P/E ratio of -13.57 and a beta of 1.44.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share 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 the consensus estimate of $21.61 billion. During the same period last year, the firm earned ($10.44) earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Company 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.