Osterweis Capital Management Inc. Has $18.74 Million Stock Holdings in The Boeing Company $BA

Osterweis Capital Management Inc. boosted its position in The Boeing Company (NYSE:BA) by 31.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,881 shares of the aircraft producer’s stock after acquiring an additional 26,522 shares during the period. Osterweis Capital Management Inc.’s holdings in Boeing were worth $18,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vestcor Inc boosted its holdings in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after acquiring an additional 1,195 shares in the last quarter. National Pension Service boosted its holdings in Boeing by 19.6% in the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after acquiring an additional 218,049 shares in the last quarter. Wynn Capital LLC bought a new position in Boeing in the first quarter worth approximately $584,000. Zimmer Partners LP bought a new position in Boeing in the fourth quarter worth approximately $393,736,000. Finally, MFG Wealth Management Inc. bought a new position in Boeing in the first quarter worth approximately $2,125,000. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing 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 completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BA. Barclays increased their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. TD Securities downgraded Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Bank of America lifted their target price on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and lifted their target price for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.77.

Boeing Trading Down 3.2%

Shares of BA opened at $220.27 on Friday. The company has a market capitalization of $166.56 billion, a price-to-earnings ratio of -13.34 and a beta of 1.48. The stock has a 50 day moving average of $228.76 and a 200 day moving average of $198.95. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The company’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -2.58 earnings per share 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.