Arista Wealth Management LLC Purchases Shares of 1,079 The Boeing Company $BA

Arista Wealth Management LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,079 shares of the aircraft producer’s stock, valued at approximately $226,000.

Several other large investors also recently modified their holdings of the business. Kraft Davis & Associates LLC bought a new stake in shares of Boeing in the second quarter worth about $198,000. Harbor Asset Planning Inc. bought a new stake in shares of Boeing in the second quarter worth about $25,000. Werba Rubin Papier Wealth Management bought a new stake in shares of Boeing in the second quarter worth about $216,000. Stableford Capital II LLC bought a new stake in shares of Boeing in the second quarter worth about $928,000. Finally, Aire Advisors LLC bought a new stake in shares of Boeing in the second quarter worth about $202,000. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction on 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 purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were 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 $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Barclays raised their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and raised their target price for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. Three investment 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 data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $240.20.

Boeing Price Performance

Shares of BA opened at $213.09 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a 50-day simple moving average of $223.10 and a two-hundred day simple moving average of $207.56. The firm has a market capitalization of $161.13 billion, a PE ratio of -12.91 and a beta of 1.47.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate 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. During the same period in the previous year, the business earned ($2.90) EPS. Boeing’s revenue for the quarter was up 34.9% compared to the same quarter last year. Analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.