Mather Group LLC. Sells 184 Shares of The Boeing Company $BA

Mather Group LLC. lessened its holdings in The Boeing Company (NYSE:BA) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,377 shares of the aircraft producer’s stock after selling 184 shares during the period. Mather Group LLC.’s holdings in Boeing were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BA. Revolve Wealth Partners LLC bought a new position in Boeing during the 4th quarter worth $201,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Boeing during the 4th quarter worth $67,000. Mattson Financial Services LLC acquired a new stake in shares of Boeing during the 4th quarter worth $451,000. Centaurus Financial Inc. grew its holdings in shares of Boeing by 7.4% during the 4th quarter. Centaurus Financial Inc. now owns 13,291 shares of the aircraft producer’s stock worth $2,352,000 after purchasing an additional 915 shares in the last quarter. Finally, 111 Capital acquired a new stake in shares of Boeing during the 4th quarter worth $681,000. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

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

Boeing Trading Down 0.7%

Shares of BA stock opened at $213.60 on Friday. The business’s 50-day moving average price is $226.69 and its 200-day moving average price is $202.38. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market capitalization of $161.52 billion, a price-to-earnings ratio of -12.94 and a beta of 1.48.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter last year, the firm earned ($2.90) earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BA. Bank of America increased their target price on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Jefferies Financial Group increased their target price on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $230.77.

Boeing 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.