Clarius Group LLC Reduces Stock Position in The Boeing Company $BA

Clarius Group LLC lowered its holdings in shares of The Boeing Company (NYSE:BA) by 1.8% in the second quarter, Holdings Channel.com reports. The fund owned 3,538 shares of the aircraft producer’s stock after selling 65 shares during the quarter. Clarius Group LLC’s holdings in Boeing were worth $741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Boeing in the 2nd quarter worth $378,459,000. Vanguard Group Inc. lifted its holdings in shares of Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. Strs Ohio purchased a new stake in shares of Boeing in the 1st quarter worth $98,984,000. Canada Pension Plan Investment Board lifted its holdings in shares of Boeing by 243.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after buying an additional 535,060 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Boeing by 38.4% in the 1st quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer’s stock worth $307,874,000 after buying an additional 501,161 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of NYSE:BA opened at $216.32 on Monday. The business’s 50-day moving average is $225.06 and its 200 day moving average is $205.21. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a market capitalization of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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. During the same quarter in the prior year, the company earned ($2.90) earnings per share. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research reports. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research report on Friday, June 27th. JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. Finally, Sanford C. Bernstein boosted their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

Insider Activity

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. 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.