Frank Rimerman Advisors LLC Has $899,000 Stake in The Boeing Company $BA

Frank Rimerman Advisors LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 19.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,290 shares of the aircraft producer’s stock after purchasing an additional 701 shares during the period. Frank Rimerman Advisors LLC’s holdings in Boeing were worth $899,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BA. Vanguard Group Inc. lifted its holdings in shares of Boeing by 1.9% during the first 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 last quarter. Geode Capital Management LLC raised its position in Boeing by 2.7% in the second quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after purchasing an additional 432,026 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Boeing by 0.5% in 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 purchasing an additional 19,615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Boeing by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after acquiring an additional 91,707 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock valued at $359,895,000 after purchasing an additional 51,700 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

BA opened at $189.71 on Wednesday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a fifty day moving average price of $211.28 and a two-hundred day moving average price of $214.99. The firm has a market capitalization of $144.20 billion, a PE ratio of -13.87 and a beta of 1.44.

Boeing (NYSE:BA) last released its quarterly earnings data 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 company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($10.44) EPS. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Thursday, October 30th. UBS Group reissued a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

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.