The Boeing Company $BA Shares Sold by Banco Santander S.A.

Banco Santander S.A. cut its stake in shares of The Boeing Company (NYSE:BA) by 3.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 95,798 shares of the aircraft producer’s stock after selling 3,218 shares during the period. Banco Santander S.A.’s holdings in Boeing were worth $20,073,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Wallace Advisory Group LLC raised its position in Boeing by 1.2% during the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after acquiring an additional 44 shares during the period. Aspire Capital Advisors LLC raised its position 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 during the period. Lantz Financial LLC raised its position 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 during the period. Atlas Brown Inc. raised its position in shares of Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 48 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Boeing by 2.7% in the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after buying an additional 48 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA stock opened at $221.13 on Monday. The company has a 50-day moving average of $221.68 and a two-hundred day moving average of $210.85. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market cap of $167.21 billion, a PE ratio of -13.39 and a beta of 1.47.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period last year, the firm posted ($2.90) earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’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 transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BA shares. JPMorgan Chase & Co. increased their target price on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research report on Tuesday, September 30th. UBS Group set a $280.00 target price on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Susquehanna reiterated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research report on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.32.

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.