2,210 Shares in The Boeing Company $BA Acquired by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC bought a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,210 shares of the aircraft producer’s stock, valued at approximately $463,000.

A number of other hedge funds have also recently bought and sold shares of BA. Kingstone Capital Partners Texas LLC acquired a new position in shares of Boeing in the 2nd quarter valued at $378,459,000. Vanguard Group Inc. raised its position in shares of Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. Strs Ohio purchased a new position in shares of Boeing in the 1st quarter worth $98,984,000. Canada Pension Plan Investment Board boosted its holdings in 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 during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Boeing by 938.4% in the second quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock valued at $116,669,000 after acquiring an additional 503,193 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

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

Analysts Set New Price Targets

BA has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Friday. Susquehanna reiterated a “positive” rating and issued a $270.00 target price on shares of Boeing in a report on Monday, September 15th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

Boeing Trading Up 1.5%

NYSE:BA opened at $221.13 on Friday. The firm has a market capitalization of $167.21 billion, a price-to-earnings ratio of -13.39 and a beta of 1.47. The firm’s fifty day simple moving average is $221.68 and its 200 day simple moving average is $210.01. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last released 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 company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter last year, the business earned ($2.90) earnings per share. Boeing’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

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.