Flagship Harbor Advisors LLC Has $899,000 Stock Position in The Boeing Company $BA

Flagship Harbor Advisors LLC grew its stake in The Boeing Company (NYSE:BA) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,293 shares of the aircraft producer’s stock after purchasing an additional 59 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Boeing were worth $899,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in Boeing during the 4th quarter worth about $201,000. Allspring Global Investments Holdings LLC lifted its position in shares of Boeing by 13.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 111,636 shares of the aircraft producer’s stock valued at $18,774,000 after buying an additional 13,180 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Boeing by 38.3% in the first quarter. Golden State Wealth Management LLC now owns 5,250 shares of the aircraft producer’s stock valued at $896,000 after buying an additional 1,454 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Boeing by 60.6% during the first quarter. Mather Group LLC. now owns 4,561 shares of the aircraft producer’s stock worth $778,000 after acquiring an additional 1,721 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of Boeing by 55.0% during the first quarter. Vontobel Holding Ltd. now owns 30,734 shares of the aircraft producer’s stock worth $5,242,000 after purchasing an additional 10,901 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday. Susquehanna reiterated a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $242.79.

Insider Activity

In other Boeing 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 approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

Shares of BA opened at $200.15 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a market capitalization of $151.34 billion, a price-to-earnings ratio of -14.63 and a beta of 1.47. The stock has a fifty day moving average of $220.74 and a 200-day moving average of $212.08.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned ($10.44) EPS. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.