The Boeing Company $BA Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors lessened its stake in shares of The Boeing Company (NYSE:BA) by 15.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 524 shares of the aircraft producer’s stock after selling 96 shares during the quarter. JNBA Financial Advisors’ holdings in Boeing were worth $110,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on BA shares. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. 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. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and raised their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Boeing Stock Down 2.3%

Shares of NYSE:BA opened at $211.04 on Friday. The firm has a fifty day moving average of $224.29 and a two-hundred day moving average of $206.19. The firm has a market capitalization of $159.58 billion, a P/E ratio of -12.78 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

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

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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. This trade represents a 9.51% decrease in their position. 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.