Hantz Financial Services Inc. Boosts Holdings in The Boeing Company $BA

Hantz Financial Services Inc. increased its holdings in The Boeing Company (NYSE:BA) by 41.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,086 shares of the aircraft producer’s stock after buying an additional 319 shares during the quarter. Hantz Financial Services Inc.’s holdings in Boeing were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Kingstone Capital Partners Texas LLC purchased a new position in shares of Boeing in the second quarter worth approximately $378,459,000. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.9% in the first 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 last quarter. Bessemer Group Inc. lifted its holdings in Boeing by 3,581.5% during the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock valued at $149,149,000 after purchasing an additional 692,489 shares in the last quarter. Strs Ohio purchased a new position in Boeing during the first quarter valued at approximately $98,984,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Boeing by 243.8% during 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 purchasing an additional 535,060 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on 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 owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale 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 firm’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. UBS Group restated a “buy” rating on shares of Boeing in a research report on Thursday. Sanford C. Bernstein boosted their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Thursday. Finally, Barclays boosted their price objective on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.79.

Boeing Price Performance

NYSE:BA opened at $201.24 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a 50-day moving average of $220.17 and a 200 day moving average of $213.16. The firm has a market cap of $152.96 billion, a PE ratio of -14.71 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The business’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm posted ($10.44) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

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.