Lazard Asset Management LLC Buys 92 Shares of The Boeing Company (NYSE:BA)

Lazard Asset Management LLC grew its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 6.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,592 shares of the aircraft producer’s stock after buying an additional 92 shares during the quarter. Lazard Asset Management LLC’s holdings in Boeing were worth $217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tevis Investment Management grew its stake in shares of Boeing by 69.6% during the second quarter. Tevis Investment Management now owns 195 shares of the aircraft producer’s stock worth $27,000 after buying an additional 80 shares during the last quarter. Karlinski Andrew C bought a new stake in shares of Boeing during the first quarter worth $48,000. Activest Wealth Management grew its stake in shares of Boeing by 118.5% during the second quarter. Activest Wealth Management now owns 271 shares of the aircraft producer’s stock worth $37,000 after buying an additional 147 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Boeing by 540.9% during the first quarter. Sandy Cove Advisors LLC now owns 282 shares of the aircraft producer’s stock worth $54,000 after buying an additional 238 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its stake in shares of Boeing by 166.7% during the first quarter. Atlas Capital Advisors LLC now owns 320 shares of the aircraft producer’s stock worth $61,000 after buying an additional 200 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Boeing Trading Up 0.6 %

Shares of NYSE BA opened at $173.89 on Monday. The firm’s 50-day moving average price is $145.53 and its 200-day moving average price is $145.99. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $229.67. The firm has a market capitalization of $103.26 billion, a P/E ratio of -12.20 and a beta of 1.45.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported ($6.18) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($6.25). The firm had revenue of $15.96 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the prior year, the company earned ($0.60) EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -8.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Sunday. The Goldman Sachs Group set a $281.00 price objective on shares of Boeing in a research note on Wednesday, October 12th. JPMorgan Chase & Co. set a $180.00 price objective on shares of Boeing in a research note on Thursday, October 13th. Credit Suisse Group boosted their price objective on shares of Boeing from $98.00 to $121.00 and gave the stock an “underperform” rating in a research note on Thursday, November 3rd. Finally, Bank of America boosted their price objective on shares of Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.18.

Insider Buying and Selling

In other Boeing news, Director Steven M. Mollenkopf bought 1,285 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $157.09 per share, for a total transaction of $201,860.65. Following the acquisition, the director now directly owns 2,917 shares of the company’s stock, valued at approximately $458,231.53. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Boeing news, Director Steven M. Mollenkopf bought 1,285 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $157.09 per share, for a total transaction of $201,860.65. Following the acquisition, the director now directly owns 2,917 shares of the company’s stock, valued at approximately $458,231.53. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Calhoun acquired 25,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was purchased at an average price of $158.88 per share, with a total value of $3,972,000.00. Following the purchase, the chief executive officer now owns 25,000 shares in the company, valued at approximately $3,972,000. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

About Boeing

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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 through 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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