Marsico Capital Management LLC Grows Position in The Boeing Company $BA

Marsico Capital Management LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 47.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,960 shares of the aircraft producer’s stock after purchasing an additional 161,537 shares during the quarter. Boeing accounts for approximately 2.8% of Marsico Capital Management LLC’s portfolio, making the stock its 11th largest holding. Marsico Capital Management LLC owned 0.07% of Boeing worth $104,966,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wallace Advisory Group LLC grew its position in Boeing by 1.2% during the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after buying an additional 44 shares during the period. Aspire Capital Advisors LLC raised its position in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after acquiring an additional 45 shares during the period. Lantz Financial LLC boosted its stake in shares of Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after acquiring an additional 46 shares in the last quarter. Blue Barn Wealth LLC grew its position in shares of Boeing by 1.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after acquiring an additional 46 shares during the period. Finally, Atlas Brown Inc. increased its stake in shares of Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 48 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $267.00 price target on shares of Boeing in a research report on Friday, November 14th. BNP Paribas set a $150.00 target price on Boeing in a research note on Tuesday. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft lowered 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. Finally, Bank of America increased their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $232.09.

Insiders Place Their Bets

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

Boeing Stock Performance

NYSE BA opened at $179.53 on Friday. The business has a fifty day moving average price of $209.63 and a 200 day moving average price of $214.54. The company has a market cap of $136.46 billion, a P/E ratio of -13.12 and a beta of 1.44. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the business posted ($10.44) earnings per share. The firm’s revenue was up 30.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.