Strait & Sound Wealth Management LLC Acquires 195 Shares of The Boeing Company $BA

Strait & Sound Wealth Management LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,759 shares of the aircraft producer’s stock after acquiring an additional 195 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Boeing were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Interchange Capital Partners LLC boosted its holdings in Boeing by 14.5% in the 2nd quarter. Interchange Capital Partners LLC now owns 1,769 shares of the aircraft producer’s stock worth $371,000 after buying an additional 224 shares during the period. Brighton Jones LLC boosted its holdings in Boeing by 4.9% in the 2nd quarter. Brighton Jones LLC now owns 21,639 shares of the aircraft producer’s stock worth $4,534,000 after buying an additional 1,018 shares during the period. Leelyn Smith LLC boosted its holdings in Boeing by 1.4% in the 2nd quarter. Leelyn Smith LLC now owns 22,841 shares of the aircraft producer’s stock worth $4,786,000 after buying an additional 311 shares during the period. Pinnacle Wealth Management Group Inc. bought a new position in shares of Boeing during the 2nd quarter valued at about $710,000. Finally, Sage Mountain Advisors LLC boosted its holdings in shares of Boeing by 42.9% during the 2nd quarter. Sage Mountain Advisors LLC now owns 4,407 shares of the aircraft producer’s stock valued at $923,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of Boeing 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 completion of the acquisition, the director directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BA shares. Barclays upped their target price on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and increased their price objective for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Sanford C. Bernstein upped their target price on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. UBS Group set a $280.00 target price on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Susquehanna restated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research note on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $242.32.

Boeing Trading Up 1.5%

NYSE BA opened at $221.13 on Friday. The company has a fifty day simple moving average of $221.68 and a two-hundred day simple moving average of $210.51. The stock has a market cap of $167.21 billion, a P/E ratio of -13.39 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 posted its quarterly 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 analyst estimates of $20.13 billion. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company posted ($2.90) earnings per share. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current 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.