The Boeing Company $BA Shares Bought by Choreo LLC

Choreo LLC increased its position in The Boeing Company (NYSE:BA) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,555 shares of the aircraft producer’s stock after buying an additional 1,397 shares during the period. Choreo LLC’s holdings in Boeing were worth $6,402,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new position in shares of Boeing during the 2nd quarter worth $25,000. Piscataqua Savings Bank increased its stake in Boeing by 1,712.5% in the second 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 last quarter. Monetary Management Group Inc. lifted its position in Boeing by 33.3% during 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 period. Decker Retirement Planning Inc. acquired a new stake in Boeing in the 2nd quarter worth about $35,000. Finally, IMG Wealth Management Inc. grew 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 valued at $38,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BA. BNP Paribas set a $150.00 price objective on shares of Boeing in a research note on Tuesday, November 18th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. Sanford C. Bernstein restated an “outperform” rating and set a $267.00 price objective on shares of Boeing in a report on Friday, November 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Finally, Susquehanna lowered their price target on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Insider Activity

In other news, SVP Dana S. Deasy acquired 554 shares of the stock in a transaction on Monday, November 24th. The stock was bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

Boeing Trading Up 2.4%

NYSE:BA opened at $186.90 on Thursday. The firm’s fifty day simple moving average is $206.96 and its 200 day simple moving average is $214.53. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm has a market capitalization of $142.06 billion, a price-to-earnings ratio of -13.66 and a beta of 1.44.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($10.44) earnings per share. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

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.