Baird Financial Group Inc. Grows Position in The Boeing Company $BA

Baird Financial Group Inc. raised its holdings in The Boeing Company (NYSE:BA) by 6.4% in the second quarter, Holdings Channel.com reports. The fund owned 260,278 shares of the aircraft producer’s stock after buying an additional 15,584 shares during the quarter. Baird Financial Group Inc.’s holdings in Boeing were worth $54,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service boosted its stake in shares of Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after purchasing an additional 218,049 shares during the last quarter. Alpha Cubed Investments LLC raised its position in shares of Boeing by 43.3% in the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock valued at $754,000 after buying an additional 1,088 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Boeing during the second quarter valued at approximately $62,859,000. Vanguard Group Inc. lifted its stake in shares of Boeing by 1.7% during the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares during the period. Finally, Vestor Capital LLC boosted its position in Boeing by 8,287.4% during the second quarter. Vestor Capital LLC now owns 246,086 shares of the aircraft producer’s stock worth $51,562,000 after acquiring an additional 243,152 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BA. Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their target price on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by corporate insiders.

Boeing Price Performance

Boeing stock opened at $201.97 on Friday. 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 $153.51 billion, a price-to-earnings ratio of -14.76 and a beta of 1.18. The stock’s 50-day moving average is $204.63 and its 200-day moving average is $214.11.

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 analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the business posted ($10.44) earnings per share. The business’s quarterly revenue was up 30.4% on a year-over-year basis. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.