13,955 Shares of The Boeing Company $BA Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in shares of The Boeing Company (NYSE:BA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,955 shares of the aircraft producer’s stock, valued at approximately $2,596,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Highland Investment Advisors LLC bought a new position in Boeing in the 2nd quarter valued at about $26,000. Strategic Wealth Advisors LLC acquired a new stake in Boeing during the second quarter worth approximately $27,000. Retirement Wealth Solutions LLC boosted its holdings in shares of Boeing by 3,575.0% during the third quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 143 shares during the period. Bell Investment Advisors Inc bought a new stake in shares of Boeing during the second quarter worth approximately $29,000. Finally, Security National Bank of SO Dak bought a new stake in shares of Boeing during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. Rothschild & Co Redburn upped their target price on Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays lowered their target price on Boeing from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Finally, Langenberg & Company set a $250.00 price target on Boeing in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.88.

Boeing Price Performance

NYSE:BA opened at $174.47 on Thursday. The Boeing Company has a 52 week low of $165.01 and a 52 week high of $254.35. The firm has a market cap of $138.26 billion, a price-to-earnings ratio of 18.99 and a beta of 1.34. The firm’s 50-day simple moving average is $190.33 and its 200 day simple moving average is $214.25. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.34 and a current ratio of 1.13.

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

Boeing News Summary

Investors following BA have been watching these news items:

• Neutral Sentiment: Boeing says it is emphasizing direct communication with factory-floor employees to surface safety concerns. The effort could support its safety-culture recovery, although the renewed focus also underscores the scrutiny it faces. Boeing to stay close to factory floor for tough safety information, exec says
• Negative Sentiment: October jet deliveries fell 14% and trailed Airbus, raising concerns about Boeing’s ability to convert its large backlog into aircraft shipments and revenue. Boeing jet deliveries drop 14% in October
• Negative Sentiment: Coverage also pointed to production delays, labor shortages and 777X setbacks. These execution risks temper the benefit of Boeing’s record backlog and defense wins. Boeing Stock Drops 25.6% in 3 Months: Should You Exercise Caution?

Insider Buying and Selling

In other Boeing news, Director Mortimer Buckley bought 5,820 shares of the stock in a transaction dated Friday, October 30th. The shares were bought at an average cost of $171.55 per share, with a total value of $998,421.00. Following the completion of the acquisition, the director owned 10,250 shares of the company’s stock, valued at $1,758,387.50. This trade represents a 131.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven Mollenkopf purchased 2,950 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was acquired 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 of the company’s stock, valued at $1,162,242.51. This represents a 78.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

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.