Mirae Asset Global Investments Co. Ltd. Has $56.15 Million Holdings in The Boeing Company $BA

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of The Boeing Company (NYSE:BA) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,999 shares of the aircraft producer’s stock after selling 2,017 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Boeing were worth $56,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aspire Capital Advisors LLC lifted its holdings in Boeing by 0.8% during 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 in the last quarter. Lantz Financial LLC lifted its holdings in Boeing by 1.5% during the second 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. Atlas Brown Inc. lifted its holdings in Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after acquiring an additional 48 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in Boeing by 2.7% during the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after acquiring an additional 48 shares in the last quarter. Finally, Monetary Management Group Inc. lifted its holdings in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

BA opened at $217.12 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market capitalization of $164.18 billion, a PE ratio of -13.15 and a beta of 1.47. The business’s 50-day simple moving average is $225.39 and its 200 day simple moving average is $204.38.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the previous year, the firm earned ($2.90) EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BA. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and boosted their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Insider Activity at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing 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.