Citizens & Northern Corp Sells 284 Shares of The Boeing Company $BA

Citizens & Northern Corp lessened its position in shares of The Boeing Company (NYSE:BA) by 4.3% in the second quarter, Holdings Channel reports. The fund owned 6,316 shares of the aircraft producer’s stock after selling 284 shares during the quarter. Citizens & Northern Corp’s holdings in Boeing were worth $1,323,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in Boeing during the second quarter valued at approximately $25,000. Piscataqua Savings Bank boosted its stake in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Monetary Management Group Inc. grew its position in shares of Boeing by 33.3% during the 1st 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. IMG Wealth Management Inc. raised its holdings in Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the period. Finally, Keener Financial Planning LLC purchased a new position in Boeing during the second quarter valued at $41,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. JPMorgan Chase & Co. lifted their price objective on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Barclays raised their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group set a $255.00 price objective on Boeing in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.20.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Trading Up 0.2%

Shares of Boeing stock opened at $217.29 on Wednesday. The firm has a market cap of $164.30 billion, a PE ratio of -13.16 and a beta of 1.47. The stock has a 50 day moving average of $222.62 and a 200 day moving average of $208.85. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA) last posted its 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 company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the previous year, the business posted ($2.90) earnings per share. The business’s quarterly 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 earnings per share for the current fiscal year.

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.