The Boeing Company $BA Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC reduced its holdings in shares of The Boeing Company (NYSE:BA) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,298 shares of the aircraft producer’s stock after selling 999 shares during the quarter. Jacobi Capital Management LLC’s holdings in Boeing were worth $1,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the 4th quarter worth about $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing during the 4th quarter worth about $7,837,000. Triumph Capital Management boosted its position in shares of Boeing by 12.8% during the 4th quarter. Triumph Capital Management now owns 9,557 shares of the aircraft producer’s stock worth $1,692,000 after acquiring an additional 1,084 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Boeing by 25.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,672 shares of the aircraft producer’s stock valued at $13,040,000 after purchasing an additional 14,925 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Boeing by 24.2% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 87,346 shares of the aircraft producer’s stock valued at $15,785,000 after purchasing an additional 17,027 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BA. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and boosted their price objective for the company from $242.00 to $270.00 in a research note on Monday. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $230.77.

Insider Activity at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Down 3.2%

BA opened at $220.27 on Friday. The business has a 50 day moving average price of $228.76 and a two-hundred day moving average price of $198.95. The company has a market cap of $166.56 billion, a PE ratio of -13.34 and a beta of 1.48. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS 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 analysts’ expectations of $20.13 billion. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.90) earnings per share. As a group, sell-side 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.