Boeing Co. (BA), one of the world's leading aerospace companies, develops and manufactures commercial jets, military aircraft, weapons systems, and strategic defense and intelligence systems. Boeing provides services and support to customers globally, and provides financing for orders and deliveries.
The top shareholders of Boeing are Timothy J. Keating, Leanne G. Caret, Theodore Colbert, Vanguard Group Inc., BlackRock Inc. (BLK), and Newport Trust Co.
The U.S. Federal Aviation Agency (FAA) began recertification testing on Boeing Max 737 aircrafts at the end of June. The aircraft has been grounded since early 2019 following two fatal crashes in the span of five months. The FAA indicated that it would lift the grounding order as soon as the aircraft has satisfied certification standards. That, as well as travel restrictions related to COVID-19, have weighed heavily on Boeing's financial performance.
Boeing's 12-month trailing net loss and revenue are $3.4 billion and $70.6 billion, respectively. The company's market cap is about $103.7 billion. These financial data are as of July 15, 2020.
Below we look in more detail at Boeing's top 6 shareholders.
"Insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. In this context, it has nothing to do with insider trading.
Top 3 Individual Insider Shareholders
Timothy J. Keating
Timothy J. Keating owns a total of 80,080 Boeing shares, representing 0.01% of the company's total shares outstanding. Mr. Keating has served as Boeing's executive vice president of Government Operations since early 2018 and is a member of the company's leadership team, the Executive Council. He is responsible for leading Boeing's public policy efforts, liaising with government officials, and leading the Boeing Global Engagement organization, which was first launched under his leadership in 2017. Mr. Keating first joined the company in 2008 as senior vice president of Government Operations and has worked to strengthen Boeing's relationship with all levels of government and the communities in which the company conducts business. Before Boeing, Keating worked in public affairs at Honeywell International and as a special assistant to the President in the Clinton Administration.
Leanne G. Caret
Leanne G. Caret owns a total of 59,148 Boeing shares, representing 0.01% of the company's total shares outstanding. Ms. Caret has served as president and chief executive officer (CEO) of Boeing Defense, Space & Security (BDS) since early 2016. A company veteran with more than 30 years of experience at Boeing, she previously led Boeing's Global Services & Support business, which is the U.S. Department of Defense's largest performance-based logistics contractor and an industry leader in providing sustainment services for a diverse range of military products and systems. She has served in numerous other roles, including as chief financial officer (CFO) at Boeing Defense, Space & Security, which she now leads.
Theodore Colbert owns a total of 54,846 Boeing shares, representing 0.01% of the company's total shares outstanding. Mr. Colbert serves as Boeing's executive vice president, president and CEO of Boeing Global Services, and is a member of the Executive Council. He leads the company's aerospace services development and aviation industry customers globally. Mr. Colbert first joined Boeing in 2009 and has served in a number of different roles, including chief information officer (CIO) and senior vice president of Information Technology & Data Analytics. Prior to joining Boeing, Colbert was senior vice president of Enterprise Architecture at Citigroup, and before that worked at Ford Motor Co. in its Information Technology group.
Top 3 Institutional Shareholders
Institutional investors hold the majority of Boeing's shares at about 62% of total shares outstanding.
Vanguard Group Inc.
Vanguard Group owns 41.8 million shares of Boeing, representing 7.4% of total shares outstanding, according to the company's 13F filing for the period ending March 31, 2020. The company is primarily a mutual fund and ETF management company with about $6.2 trillion in global assets under management (AUM). The Vanguard S&P 500 ETF (VOO) is one of the company's largest exchange-traded funds (ETFs) with about $151 billion in AUM. Boeing comprises 0.31% of VOO's holdings.
BlackRock owns 33.3 million shares of Boeing, representing 5.9% of total shares outstanding, according to the company's 13F filing for the period ending March 31, 2020. The company is primarily a mutual fund and ETF management company with approximately $6.47 trillion in AUM. The iShares Core S&P 500 ETF (IVV) is among one of BlackRock's largest ETFs with approximately $198 billion in AUM. Boeing comprises 0.36% of IVV's holdings.
Newport Trust Co.
Newport Trust owns 32.7 million shares of Boeing, representing 5.8% of total shares outstanding, according to the company's 13F filing for the period ending March 31, 2020. Newport Trust, owned by Newport Group Inc., is a private company that provides trustee and independent fiduciary services to leading U.S. companies and institutions, including 25% of the corporations in the Fortune 500. The total value of the company's portfolio is $24.3 billion. Boeing is among Newport Trust's top 10 holdings, comprising about 20% of the portfolio's total value, as of March 31, 2020.
Diversity & Inclusiveness of Boeing
As part of our effort to improve the awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of more than just who are the shareholders at Boeing. We highlight the company's commitment to diversity, inclusiveness, and social responsibility as a whole. Find out how Boeing reports the diversity of its management and workforce. The ✔ shows if Boeing discloses its data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markets.
|Boeing Diversity & Inclusiveness Reporting|
|Race||Gender||Ability||Veteran Status||Sexual Orientation|
|Board of Directors|
CNBC. "FAA starts Boeing 737 Max test flights, a milestone in getting the planes back in service after crashes." Accessed Jul. 15, 2020.
YCharts. "Financial Data." Accessed Jul. 15, 2020.
Morningstar. "Boeing Co." Accessed Jul. 15, 2020.
Boeing Co. "Executive Biography of Timothy Keating." Accessed Jul. 15, 2020.
Boeing Co. "Boeing Names Keating Executive Vice President of Government Operations." Accessed Jul. 15, 2020.
Boeing Co. "Boeing Names Leanne Caret Defense, Space & Security President and CEO." Accessed Jul. 15, 2020.
Boeing Co. "Executive Biography of Leanne Caret." Accessed Jul. 15, 2020.
Boeing Co. "Executive Biography of Ted Colbert." Accessed Jul. 15, 2020.
MarketBeat. "Boeing Institutional Ownership." Accessed Jul. 15, 2020.
WhaleWisdom. "Boeing Company (BA)." Accessed Jul. 15, 2020.
Vanguard Group Inc. "Fast facts about Vanguard." Accessed Jul. 15, 2020.
ETF.com. "VOO Vanguard S&P 500 ETF." Accessed Jul. 15, 2020.
BlackRock Inc. "About BlackRock." Accessed Jul. 15, 2020.
ETF.com. "IVV iShares Core S&P 500 ETF." Accessed Jul. 15, 2020.
Newport Group Inc. "Institutional Trustee Services." Accessed Jul. 15, 2020.
Newport Group Inc. "Newport Trust Company." Accessed Jul. 15, 2020.
Securities and Exchange Commission. "Form 13F-HR Newport Trust Co." Accessed Jul. 15, 2020.