Winthrop Advisory Group LLC Buys 169 Shares of The Boeing Company $BA

Winthrop Advisory Group LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,975 shares of the aircraft producer’s stock after purchasing an additional 169 shares during the period. Winthrop Advisory Group LLC’s holdings in Boeing were worth $623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Piscataqua Savings Bank raised its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC bought a new stake in Boeing in the first quarter valued at approximately $34,000. Monetary Management Group Inc. raised its stake 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 buying an additional 50 shares during the period. Columbia River Financial Group LLC bought a new stake in Boeing in the 1st quarter valued at $50,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of 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 during the period. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Jefferies Financial Group set a $255.00 price objective on Boeing in a research report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research report on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Stock Up 1.0%

Shares of Boeing stock opened at $221.82 on Wednesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market capitalization of $167.73 billion, a price-to-earnings ratio of -13.44 and a beta of 1.47. The firm’s 50-day moving average price is $224.63 and its two-hundred day moving average price is $205.61.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 the consensus estimate of $20.13 billion. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.90) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction dated 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 purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $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. Company insiders own 0.09% of the company’s stock.

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.