BridgePort Financial Solutions LLC Purchases 688 Shares of The Boeing Company $BA

BridgePort Financial Solutions LLC boosted its position in The Boeing Company (NYSE:BA) by 41.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,349 shares of the aircraft producer’s stock after buying an additional 688 shares during the period. BridgePort Financial Solutions LLC’s holdings in Boeing were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc boosted its stake in Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares during the last quarter. National Pension Service boosted its stake in Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares during the last quarter. Wynn Capital LLC acquired a new position in Boeing during the 1st quarter valued at about $584,000. MFG Wealth Management Inc. acquired a new position in Boeing during the 1st quarter valued at about $2,125,000. Finally, Kelman Lazarov Inc. acquired a new position in Boeing during the 1st quarter valued at about $262,000. 64.82% of the stock is owned by institutional investors.

Boeing Trading Down 0.5%

NYSE:BA opened at $216.32 on Friday. The stock has a market capitalization of $163.57 billion, a PE ratio of -13.10 and a beta of 1.47. The firm’s 50 day moving average is $225.06 and its 200 day moving average is $204.98. 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.90) earnings per share. Research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BA shares. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a research note on Friday, June 27th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and boosted their target price for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

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.