The Boeing Company $BA Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,191,640 shares of the aircraft producer’s stock after purchasing an additional 135,985 shares during the period. Fisher Asset Management LLC’s holdings in Boeing were worth $1,151,955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Jupiter Topco LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at approximately $911,878,000. Bank of New York Mellon Corp acquired a new stake in Boeing in the second quarter valued at $747,763,000. Legal & General Group Plc acquired a new stake in Boeing in the second quarter valued at $710,816,000. Deutsche Bank AG bought a new position in shares of Boeing in the 2nd quarter valued at about $539,456,000. Finally, Swiss National Bank grew its position in shares of Boeing by 7.6% in the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after acquiring an additional 163,000 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.7%

Shares of NYSE BA opened at $171.53 on Friday. The business’s 50 day moving average is $189.59 and its 200-day moving average is $213.86. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The Boeing Company has a 1-year low of $165.01 and a 1-year high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The firm had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter last year, the firm earned ($7.47) earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that The Boeing Company will post -1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Scotiabank upgraded shares of Boeing to an “outperform” rating in a research note on Wednesday, October 28th. Rothschild & Co Redburn raised their target price on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Robert W. Baird reduced their price target on Boeing from $300.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. TD Cowen reduced their price target on Boeing from $240.00 to $210.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $238.00 price target on shares of Boeing in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $247.88.

Insider Transactions at Boeing

In other Boeing news, Director Steven M. Mollenkopf bought 2,950 shares of Boeing stock in a transaction dated Friday, October 30th. The stock was bought at an average price of $173.03 per share, with a total value of $510,438.50. Following the completion of the transaction, the director owned 6,717 shares in the company, valued at $1,162,242.51. The trade was a 78.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Raymond sold 2,994 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $174.91, for a total transaction of $523,680.54. Following the completion of the transaction, the executive vice president owned 38,456 shares in the company, valued at $6,726,338.96. This trade represents a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Boeing News Summary

These are some of the BA news items that stood out recently:

• Neutral Sentiment: EVP David Raymond sold 2,994 shares for about $524,000, reducing his holdings by 7.22%; he retained 38,456 shares. The transaction may draw attention but is relatively limited in scale. SEC filing
• Negative Sentiment: Put-option volume was about 65% above its usual level, suggesting heightened demand for downside protection, although options activity alone does not establish a bearish outlook.
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations. The announcement is an allegation and does not establish wrongdoing, but may add legal and reputational uncertainty. Article: Investigation into Possible Securities-Law Violations

About Boeing

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.