The Boeing Company $BA Position Increased by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. raised its position in shares of The Boeing Company (NYSE:BA) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,639 shares of the aircraft producer’s stock after buying an additional 77 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Boeing were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BA. American National Bank & Trust lifted its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares in the last quarter. Piscataqua Savings Bank lifted its stake in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new stake in Boeing during the first quarter valued at about $34,000. Monetary Management Group Inc. lifted its stake in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. Finally, Columbia River Financial Group LLC purchased a new stake in shares of Boeing in the first quarter worth approximately $50,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other Boeing 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $213.60 on Friday. The firm has a market cap of $161.52 billion, a PE ratio of -12.94 and a beta of 1.48. The firm’s 50 day moving average price is $226.69 and its 200 day moving average price is $202.38. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share 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. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.90) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $230.77.

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.