Ensign Peak Advisors Inc Buys 11,405 Shares of Boeing Co (NYSE:BA)

Ensign Peak Advisors Inc grew its stake in shares of Boeing Co (NYSE:BA) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 720,892 shares of the aircraft producer’s stock after acquiring an additional 11,405 shares during the period. Ensign Peak Advisors Inc owned about 0.13% of Boeing worth $107,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. Americana Partners LLC bought a new position in Boeing in the fourth quarter worth approximately $26,000. Cordasco Financial Network purchased a new stake in shares of Boeing in the 1st quarter worth $26,000. MBE Wealth Management LLC bought a new position in shares of Boeing during the 1st quarter worth $26,000. Marquette Asset Management LLC increased its stake in shares of Boeing by 316.7% during the first quarter. Marquette Asset Management LLC now owns 200 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 152 shares during the period. Finally, Rocky Mountain Advisers LLC raised its holdings in shares of Boeing by 100.0% in the first quarter. Rocky Mountain Advisers LLC now owns 200 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.85% of the company’s stock.

Several brokerages have issued reports on BA. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Friday, March 27th. UBS Group cut their price objective on shares of Boeing from $284.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Cowen restated a “hold” rating and set a $150.00 target price on shares of Boeing in a report on Tuesday, May 12th. Canaccord Genuity dropped their target price on Boeing from $175.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Robert W. Baird reduced their price target on Boeing from $322.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $231.04.

Shares of Boeing stock traded up $7.72 during midday trading on Tuesday, hitting $145.25. The company had a trading volume of 20,479,876 shares, compared to its average volume of 32,544,582. The stock has a market cap of $81.62 billion, a price-to-earnings ratio of -23.82 and a beta of 1.45. Boeing Co has a 12-month low of $89.00 and a 12-month high of $391.00. The company has a fifty day simple moving average of $135.90 and a 200 day simple moving average of $260.96.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.04) by $0.34. The business had revenue of $16.91 billion during the quarter, compared to analysts’ expectations of $16.90 billion. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The business’s quarterly revenue was down 26.2% on a year-over-year basis. During the same quarter last year, the company posted $3.16 earnings per share. As a group, sell-side analysts anticipate that Boeing Co will post -5.05 earnings per share for the current fiscal year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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