Concurrent Investment Advisors LLC Purchases 7,542 Shares of The Boeing Company $BA

Concurrent Investment Advisors LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 28.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 34,380 shares of the aircraft producer’s stock after buying an additional 7,542 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Boeing were worth $7,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Aspire Capital Advisors LLC increased its position in shares of Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares in the last quarter. Lantz Financial LLC increased its position in shares of Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares in the last quarter. Atlas Brown Inc. increased its position in shares of Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 48 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Boeing by 2.7% in the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after buying an additional 48 shares in the last quarter. Finally, Heck Capital Advisors LLC increased its position in shares of Boeing by 3.6% in the 2nd quarter. Heck Capital Advisors LLC now owns 1,398 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 49 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Boeing stock opened at $211.04 on Monday. The firm has a 50-day moving average of $224.29 and a 200-day moving average of $206.57. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a market cap of $159.58 billion, a price-to-earnings ratio of -12.78 and a beta of 1.47.

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 firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period last year, the company posted ($2.90) EPS. Boeing’s revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Barclays upped their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Bank of America upped their target price 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. Susquehanna reaffirmed a “positive” rating and issued a $270.00 target price on shares of Boeing in a research note on Monday, September 15th. Finally, UBS Group set a $280.00 target price on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the 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 directly owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was 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 owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

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.