Evelyn Partners Investment Management LLP Increases Holdings in The Boeing Company $BA

Evelyn Partners Investment Management LLP raised its holdings in shares of The Boeing Company (NYSE:BA) by 3,198.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,870 shares of the aircraft producer’s stock after acquiring an additional 2,783 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Boeing were worth $601,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Vestcor Inc boosted its position in shares of Boeing by 9.0% in the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares during the period. National Pension Service increased its position in Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after buying an additional 218,049 shares during the period. Alpha Cubed Investments LLC lifted its stake in 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 acquired a new stake in shares of Boeing in the second quarter valued at approximately $62,859,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.7% in 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 acquiring an additional 1,118,316 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

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 stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Up 0.1%

Shares of Boeing stock opened at $179.58 on Friday. The firm has a market cap of $136.50 billion, a price-to-earnings ratio of -13.13 and a beta of 1.44. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company’s 50-day simple moving average is $208.90 and its 200-day simple moving average is $214.69.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share 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 earned ($10.44) earnings per share. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Barclays upped their target price on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. 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 set a $150.00 price objective on Boeing in a research note on Tuesday. 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 six have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $232.09.

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.