Avidian Wealth Enterprises LLC Purchases 253 Shares of The Boeing Company $BA

Avidian Wealth Enterprises LLC boosted its position in The Boeing Company (NYSE:BA) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,342 shares of the aircraft producer’s stock after purchasing an additional 253 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Boeing were worth $910,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in shares of Boeing in the fourth quarter worth approximately $201,000. GAMMA Investing LLC raised its position in Boeing by 13.9% in the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock worth $998,000 after acquiring an additional 716 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Boeing by 7.1% during the 1st quarter. JFS Wealth Advisors LLC now owns 4,408 shares of the aircraft producer’s stock worth $752,000 after acquiring an additional 292 shares during the last quarter. Narwhal Capital Management grew its position in shares of Boeing by 10.6% during the 1st quarter. Narwhal Capital Management now owns 3,227 shares of the aircraft producer’s stock valued at $550,000 after acquiring an additional 310 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Boeing by 10.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 414,657 shares of the aircraft producer’s stock worth $70,720,000 after purchasing an additional 39,806 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.2%

NYSE BA opened at $217.29 on Wednesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a market cap of $164.30 billion, a PE ratio of -13.16 and a beta of 1.47. The stock’s 50 day moving average is $222.62 and its 200 day moving average is $208.85.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the business earned ($2.90) earnings per share. The firm’s revenue was up 34.9% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on BA shares. Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. UBS Group set a $280.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Finally, Barclays increased their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $240.20.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were purchased 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 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. Insiders own 0.09% of the company’s stock.

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.