Dogwood Wealth Management LLC Purchases 56 Shares of The Boeing Company $BA

Dogwood Wealth Management LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 30.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 240 shares of the aircraft producer’s stock after purchasing an additional 56 shares during the quarter. Dogwood Wealth Management LLC’s holdings in Boeing were worth $52,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BA. Kingstone Capital Partners Texas LLC acquired a new position in Boeing during the second quarter worth $378,459,000. Vanguard Group Inc. lifted its position 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 valued at $11,197,468,000 after acquiring an additional 1,212,327 shares in the last quarter. Strs Ohio purchased a new stake in shares of Boeing in the first quarter valued at $98,984,000. Canada Pension Plan Investment Board lifted its position in shares of Boeing by 243.8% in 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 acquiring an additional 535,060 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Boeing by 38.4% during the first quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer’s stock worth $307,874,000 after buying an additional 501,161 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value 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 represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

NYSE BA opened at $215.88 on Wednesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market capitalization of $163.24 billion, a PE ratio of -13.08 and a beta of 1.48. The stock has a 50-day simple moving average of $226.04 and a 200 day simple moving average of $203.92.

Boeing (NYSE:BA) last posted 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 during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the company earned ($2.90) earnings per share. The business’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Jefferies Financial Group set a $255.00 target price on Boeing in a report on Tuesday. Barclays increased their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Rothschild & Co Redburn raised 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, UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.00.

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.