Guerra Pan Advisors LLC Increases Stock Position in The Boeing Company $BA

Guerra Pan Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,421 shares of the aircraft producer’s stock after purchasing an additional 1,337 shares during the period. Boeing makes up approximately 2.0% of Guerra Pan Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Guerra Pan Advisors LLC’s holdings in Boeing were worth $3,022,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vestcor Inc raised its position in shares of Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after buying an additional 1,195 shares during the last quarter. National Pension Service lifted its stake in shares of Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in Boeing by 43.3% during the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock worth $754,000 after buying an additional 1,088 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in Boeing during the 2nd quarter worth approximately $62,859,000. Finally, Vanguard Group Inc. grew its position 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 worth $13,991,022,000 after buying an additional 1,118,316 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BA. Jefferies Financial Group set a $255.00 target price on Boeing in a research report on Tuesday, September 30th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group reissued a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Susquehanna dropped their price target on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research report on Wednesday, November 12th. Finally, BNP Paribas Exane started coverage on shares of Boeing in a report on Tuesday. They issued an “underperform” rating and a $150.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $232.09.

Boeing Price Performance

NYSE:BA opened at $179.58 on Friday. The firm has a 50-day moving average of $208.90 and a two-hundred day moving average of $214.49. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market cap of $136.50 billion, a P/E ratio of -13.13 and a beta of 1.44.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted ($10.44) earnings per share. The firm’s revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated 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 owned 14,656 shares in the company, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

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.