The Boeing Company $BA Shares Bought by NTV Asset Management LLC

NTV Asset Management LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,963 shares of the aircraft producer’s stock after acquiring an additional 383 shares during the quarter. NTV Asset Management LLC’s holdings in Boeing were worth $621,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BA. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $201,000. Hennion & Walsh Asset Management Inc. boosted its stake in Boeing by 17.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,188 shares of the aircraft producer’s stock valued at $885,000 after acquiring an additional 769 shares during the last quarter. Vest Financial LLC grew its holdings in Boeing by 73.5% during the 1st quarter. Vest Financial LLC now owns 11,275 shares of the aircraft producer’s stock worth $1,923,000 after acquiring an additional 4,777 shares in the last quarter. Pitti Group Wealth Management LLC grew its holdings in Boeing by 9.7% during the 1st quarter. Pitti Group Wealth Management LLC now owns 11,916 shares of the aircraft producer’s stock worth $2,032,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Pines Wealth Management LLC bought a new stake in shares of Boeing in the 1st quarter worth about $248,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.5%

Shares of BA opened at $216.32 on Friday. The firm has a 50-day moving average price of $225.06 and a 200 day moving average price of $204.98. The firm has a market capitalization of $163.57 billion, a PE ratio of -13.10 and a beta of 1.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 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 company earned ($2.90) EPS. Boeing’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mortimer J. Buckley purchased 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, for a total transaction of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Bank of America increased their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $233.91.

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.