The Boeing Company $BA Shares Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 6.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,455 shares of the aircraft producer’s stock after acquiring an additional 85 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Boeing were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BA. Kingstone Capital Partners Texas LLC acquired a new position in Boeing during the 2nd quarter worth $378,459,000. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Boeing by 19,333.1% in the first quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer’s stock valued at $170,190,000 after acquiring an additional 992,753 shares in the last quarter. Strs Ohio bought a new position in shares of Boeing in the first quarter valued at approximately $98,984,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Boeing by 243.8% in the first quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock valued at $128,689,000 after acquiring an additional 535,060 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.6%

Shares of BA opened at $212.26 on Tuesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company’s fifty day moving average is $227.61 and its 200-day moving average is $201.73. The firm has a market cap of $160.50 billion, a price-to-earnings ratio of -12.86 and a beta of 1.48.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the previous year, the firm earned ($2.90) EPS. The company’s revenue was up 34.9% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a report on Wednesday, July 30th. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and increased their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Jefferies Financial Group upped their price target on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.77.

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.