Optas LLC Has $565,000 Holdings in The Boeing Company $BA

Optas LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 30.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,696 shares of the aircraft producer’s stock after acquiring an additional 636 shares during the period. Optas LLC’s holdings in Boeing were worth $565,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BA. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $201,000. Park Avenue Securities LLC grew its holdings in Boeing by 16.0% during the first quarter. Park Avenue Securities LLC now owns 13,319 shares of the aircraft producer’s stock valued at $2,272,000 after purchasing an additional 1,833 shares during the period. Farther Finance Advisors LLC grew its holdings in Boeing by 44.6% during the first quarter. Farther Finance Advisors LLC now owns 10,803 shares of the aircraft producer’s stock valued at $1,817,000 after purchasing an additional 3,330 shares during the period. Pallas Capital Advisors LLC grew its holdings in Boeing by 12.2% during the first quarter. Pallas Capital Advisors LLC now owns 2,456 shares of the aircraft producer’s stock valued at $419,000 after purchasing an additional 267 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Boeing by 13.9% during the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock valued at $998,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.6%

NYSE BA opened at $225.26 on Thursday. The firm’s fifty day moving average price is $224.61 and its two-hundred day moving average price is $205.75. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a market capitalization of $170.33 billion, a P/E ratio of -13.64 and a beta of 1.47.

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

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares in the company, 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. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Barclays boosted their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.