Jackson Square Partners LLC Has $6.56 Million Stock Holdings in The Boeing Company $BA

Jackson Square Partners LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,323 shares of the aircraft producer’s stock after selling 4,662 shares during the period. Boeing comprises approximately 2.4% of Jackson Square Partners LLC’s holdings, making the stock its 9th largest position. Jackson Square Partners LLC’s holdings in Boeing were worth $6,563,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wallace Advisory Group LLC boosted its position in Boeing by 1.2% in the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares during the last quarter. Aspire Capital Advisors LLC lifted its stake in shares of Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC boosted its holdings in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares during the last quarter. Blue Barn Wealth LLC grew its position in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after buying an additional 46 shares during the period. Finally, Atlas Brown Inc. grew its position in Boeing by 0.7% during 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 period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.1%

NYSE BA opened at $194.40 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a market cap of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44. The stock’s 50 day moving average is $216.65 and its 200 day moving average is $213.74.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the prior year, the firm posted ($10.44) EPS. Boeing’s revenue was up 30.4% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Susquehanna reiterated a “positive” rating and issued a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. JPMorgan Chase & Co. reduced their price objective on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, UBS Group restated a “buy” rating on shares of Boeing in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $241.80.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

About Boeing

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.