Orion Porfolio Solutions LLC Purchases 3,497 Shares of The Boeing Company $BA

Orion Porfolio Solutions LLC boosted its holdings in The Boeing Company (NYSE:BA) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,484 shares of the aircraft producer’s stock after purchasing an additional 3,497 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Boeing were worth $11,207,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new position in Boeing in the 2nd quarter valued at about $25,000. Piscataqua Savings Bank lifted its holdings in shares of 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 in the last quarter. Monetary Management Group Inc. boosted its position in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 50 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in Boeing during the second quarter worth $34,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Boeing in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup assumed coverage on shares of Boeing in a report on Thursday. They issued a “buy” rating and a $265.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $267.00 price target on shares of Boeing in a research report on Friday, November 14th. UBS Group reiterated a “buy” rating on shares of Boeing in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $232.96.

Boeing Price Performance

Shares of BA opened at $204.33 on Monday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock’s fifty day moving average price is $202.82 and its two-hundred day moving average price is $214.20. The firm has a market cap of $155.31 billion, a PE ratio of -14.94 and a beta of 1.18.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm earned ($10.44) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction on Monday, November 24th. The stock was acquired at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

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.