Fisher Asset Management LLC Acquires 196,666 Shares of The Boeing Company $BA

Fisher Asset Management LLC grew its holdings in The Boeing Company (NYSE:BA) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,327,443 shares of the aircraft producer’s stock after acquiring an additional 196,666 shares during the quarter. Fisher Asset Management LLC owned 0.70% of Boeing worth $1,116,259,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new stake in Boeing during the 2nd quarter worth approximately $378,459,000. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the period. Bessemer Group Inc. increased its position in shares of Boeing by 3,581.5% during the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after acquiring an additional 692,489 shares in the last quarter. Rovida Advisors Inc. acquired a new stake in shares of Boeing during the second quarter worth $129,231,000. Finally, Prudential Financial Inc. raised its holdings in shares of Boeing by 151.7% during the second quarter. Prudential Financial Inc. now owns 1,010,859 shares of the aircraft producer’s stock worth $211,805,000 after acquiring an additional 609,287 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.4%

BA stock opened at $189.46 on Monday. The company has a market cap of $144.01 billion, a price-to-earnings ratio of -13.85 and a beta of 1.44. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The business has a 50 day moving average price of $205.86 and a two-hundred day moving average price of $214.42.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. BNP Paribas set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and upped their price target for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $232.09.

Insiders Place Their Bets

In other news, SVP Dana S. Deasy bought 554 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $178.88 per share, with a total value of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

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.