ProShare Advisors LLC Has $50.02 Million Stock Holdings in The Boeing Company $BA

ProShare Advisors LLC raised its holdings in The Boeing Company (NYSE:BA) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,723 shares of the aircraft producer’s stock after buying an additional 9,230 shares during the period. ProShare Advisors LLC’s holdings in Boeing were worth $50,020,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vestcor Inc lifted its holdings in Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after purchasing an additional 1,195 shares during the last quarter. National Pension Service grew its holdings in Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after buying an additional 218,049 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in Boeing during the 2nd quarter worth $62,859,000. Kelman Lazarov Inc. acquired a new stake in shares of Boeing during the first quarter worth $262,000. Finally, Vanguard Group Inc. boosted its position 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 acquiring an additional 1,212,327 shares during the period. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Susquehanna reaffirmed a “positive” rating and set a $270.00 target price on shares of Boeing in a report on Monday, September 15th. Sanford C. Bernstein boosted their price target on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and increased their price target for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Finally, Barclays lifted their price objective on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.80.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was bought 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 owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $194.74 on Tuesday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock has a market capitalization of $148.02 billion, a price-to-earnings ratio of -14.24 and a beta of 1.44. The company’s 50 day simple moving average is $215.84 and its 200 day simple moving average is $214.51.

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

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.