Empirical Finance LLC Purchases 2,303 Shares of The Boeing Company (NYSE:BA)

Empirical Finance LLC grew its position in The Boeing Company (NYSE:BAGet Rating) by 20.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,414 shares of the aircraft producer’s stock after acquiring an additional 2,303 shares during the quarter. Empirical Finance LLC’s holdings in Boeing were worth $1,624,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Tevis Investment Management raised its holdings in shares of Boeing by 69.6% in the 2nd quarter. Tevis Investment Management now owns 195 shares of the aircraft producer’s stock worth $27,000 after buying an additional 80 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Boeing in the 3rd quarter worth approximately $33,000. Selway Asset Management acquired a new position in shares of Boeing in the 3rd quarter worth approximately $36,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Boeing by 61.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock worth $40,000 after buying an additional 125 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Boeing by 46.4% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 366 shares of the aircraft producer’s stock worth $50,000 after buying an additional 116 shares in the last quarter. Institutional investors own 57.07% of the company’s stock.

Boeing Trading Up 1.0 %

BA stock opened at $211.98 on Wednesday. The business’s 50-day moving average price is $190.60 and its two-hundred day moving average price is $165.31. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $223.23.

Boeing (NYSE:BAGet Rating) last posted its earnings results on Wednesday, October 26th. The aircraft producer reported ($6.18) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($6.17). The business had revenue of $15.96 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the company posted ($0.60) EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post -8.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BA. The Goldman Sachs Group set a $281.00 price target on Boeing in a report on Wednesday, October 12th. Citigroup raised their price target on Boeing from $209.00 to $222.00 and gave the company a “buy” rating in a report on Thursday, December 8th. Wells Fargo & Company raised their price target on Boeing from $218.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Redburn Partners started coverage on Boeing in a report on Monday, November 7th. They set a “neutral” rating for the company. Finally, Credit Suisse Group raised Boeing from an “underperform” rating to a “neutral” rating and set a $200.00 target price for the company in a research note on Thursday, January 12th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $222.53.

Insider Buying and Selling at Boeing

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

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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