Sanctuary Advisors LLC Makes New $21.41 Million Investment in The Boeing Company (NYSE:BA)

Sanctuary Advisors LLC purchased a new position in The Boeing Company (NYSE:BA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 128,007 shares of the aircraft producer’s stock, valued at approximately $21,405,000.

Several other large investors also recently made changes to their positions in BA. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing during the fourth quarter valued at about $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the 2nd quarter worth about $33,000. Vima LLC bought a new stake in Boeing during the 4th quarter valued at approximately $34,000. Hobbs Group Advisors LLC acquired a new stake in Boeing in the 2nd quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. increased its position in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Stifel Nicolaus upped their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein decreased their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, TD Cowen lowered their price target on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $207.67.

Boeing Stock Performance

BA opened at $152.89 on Thursday. The firm has a market cap of $93.86 billion, a price-to-earnings ratio of -43.07 and a beta of 1.57. The firm’s 50-day simple moving average is $166.80 and its 200-day simple moving average is $175.54. The Boeing Company has a twelve month low of $149.49 and a twelve month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm posted ($0.82) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -4.27 EPS for the current fiscal year.

Boeing Company 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.