Newport Trust Company LLC Has $5.21 Billion Holdings in The Boeing Company $BA

Newport Trust Company LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 0.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 30,540,342 shares of the aircraft producer’s stock after selling 160,390 shares during the period. Boeing makes up 13.4% of Newport Trust Company LLC’s holdings, making the stock its 2nd largest position. Newport Trust Company LLC’s holdings in Boeing were worth $5,208,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Northern Trust Corp raised its position in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after acquiring an additional 1,634,231 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Boeing by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after acquiring an additional 19,615 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at $568,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Boeing during the 4th quarter valued at $526,889,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.6%

Shares of NYSE BA opened at $224.2460 on Friday. The firm has a market cap of $169.57 billion, a PE ratio of -13.58 and a beta of 1.48. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a fifty day moving average price of $220.58 and a 200 day moving average price of $193.88.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.90) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at $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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BA shares. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. UBS Group set a $280.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from $180.00 to $275.00 in a report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.90.

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.