TRUE Private Wealth Advisors Purchases 605 Shares of The Boeing Company $BA

TRUE Private Wealth Advisors lifted its position in The Boeing Company (NYSE:BA) by 10.1% during the second quarter, Holdings Channel reports. The institutional investor owned 6,598 shares of the aircraft producer’s stock after buying an additional 605 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Boeing were worth $1,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new position in shares of Boeing during the second quarter worth $25,000. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Monetary Management Group Inc. grew its stake in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Boeing during the 2nd quarter valued at about $35,000. Finally, IMG Wealth Management Inc. boosted its holdings in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BA shares. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Susquehanna reduced their target price on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research note on Wednesday, November 12th. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. Finally, Barclays raised their price target 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. 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 five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $232.09.

Boeing Trading Down 1.4%

Boeing stock opened at $186.97 on Wednesday. The stock’s 50 day simple moving average is $211.28 and its two-hundred day simple moving average is $214.99. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market cap of $142.12 billion, a PE ratio of -13.69 and a beta of 1.44.

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 company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company posted ($10.44) EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS 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.