The Boeing Company $BA Shares Purchased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,293 shares of the aircraft producer’s stock after purchasing an additional 160 shares during the period. Sigma Investment Counselors Inc.’s holdings in Boeing were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing in the second quarter worth about $25,000. Piscataqua Savings Bank raised its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. lifted its holdings 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 acquiring an additional 50 shares during the period. Keener Financial Planning LLC purchased a new stake in Boeing in the 2nd quarter worth approximately $41,000. Finally, Columbia River Financial Group LLC acquired a new stake in shares of Boeing during the 1st quarter worth approximately $50,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ? increase in their ownership of the stock. 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 firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares in the company, 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. Insiders own 0.09% of the company’s stock.

Boeing Trading Up 0.6%

BA stock opened at $213.09 on Friday. 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 $161.13 billion, a price-to-earnings ratio of -12.91 and a beta of 1.47. The business’s 50-day moving average is $223.10 and its 200 day moving average is $207.83.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays increased their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and increased their target price for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $270.00 in a report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $240.20.

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.