Janney Montgomery Scott LLC Buys 8,146 Shares of The Boeing Company $BA

Janney Montgomery Scott LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 150,080 shares of the aircraft producer’s stock after acquiring an additional 8,146 shares during the period. Janney Montgomery Scott LLC’s holdings in Boeing were worth $31,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Merit Financial Group LLC raised its stake in Boeing by 9.1% in the first quarter. Merit Financial Group LLC now owns 18,511 shares of the aircraft producer’s stock worth $3,157,000 after buying an additional 1,551 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in Boeing by 9.4% in the first quarter. ST Germain D J Co. Inc. now owns 1,624 shares of the aircraft producer’s stock worth $277,000 after buying an additional 140 shares in the last quarter. HBW Advisory Services LLC raised its stake in Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock worth $266,000 after buying an additional 64 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Boeing by 17.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,188 shares of the aircraft producer’s stock worth $885,000 after buying an additional 769 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, 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. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of BA opened at $215.24 on Thursday. The firm has a market capitalization of $162.75 billion, a PE ratio of -13.04 and a beta of 1.47. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company’s fifty day moving average price is $225.67 and its 200-day moving average price is $204.00.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. Boeing’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.90) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BA. Susquehanna reissued a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday. Finally, Bank of America boosted their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three investment 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $231.00.

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.