Bartlett & CO. Wealth Management LLC Sells 125 Shares of The Boeing Company $BA

Bartlett & CO. Wealth Management LLC lessened its position in shares of The Boeing Company (NYSE:BA) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,429 shares of the aircraft producer’s stock after selling 125 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Boeing were worth $1,766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares during the period. Proathlete Wealth Management LLC purchased a new position in shares of Boeing during the 1st quarter worth $34,000. 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. Columbia River Financial Group LLC purchased a new stake in shares of Boeing in the 1st quarter worth $50,000. Finally, Iron Horse Wealth Management LLC raised its holdings in Boeing by 33.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock worth $51,000 after purchasing an additional 75 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $215.24 on Thursday. The company has a market cap of $162.75 billion, a P/E ratio of -13.04 and a beta of 1.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm’s fifty day moving average is $225.67 and its two-hundred day moving average is $204.00.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same period last year, the firm posted ($2.90) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research report on Friday, June 27th. Susquehanna reiterated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. 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, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.00.

Insider Buying and Selling

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

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.