The Boeing Company $BA Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in The Boeing Company (NYSE:BA) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,162 shares of the aircraft producer’s stock after purchasing an additional 571 shares during the quarter. HB Wealth Management LLC’s holdings in Boeing were worth $3,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Piscataqua Savings Bank boosted its holdings in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC acquired a new position in Boeing in the first quarter valued at approximately $34,000. Monetary Management Group Inc. boosted its holdings in Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Columbia River Financial Group LLC acquired a new position in Boeing in the first quarter valued at approximately $50,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Boeing by 33.8% in the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock valued at $51,000 after purchasing an additional 75 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. boosted their price objective on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and boosted their price objective for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $231.00.

Boeing Price Performance

Boeing stock opened at $215.24 on Thursday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The business has a 50 day simple moving average of $225.67 and a 200-day simple moving average of $204.00. The stock has a market capitalization of $162.75 billion, a PE ratio of -13.04 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the business earned ($2.90) EPS. Boeing’s revenue was up 34.9% on a year-over-year basis. As a group, equities research analysts anticipate 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.