Cyndeo Wealth Partners LLC Buys Shares of 990 The Boeing Company $BA

Cyndeo Wealth Partners LLC purchased a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 990 shares of the aircraft producer’s stock, valued at approximately $207,000.

Several other large investors also recently made changes to their positions in BA. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $201,000. GAMMA Investing LLC increased its stake in shares of Boeing by 13.9% in the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock valued at $998,000 after purchasing an additional 716 shares during the period. Thomasville National Bank increased its stake in shares of Boeing by 3.0% in the first quarter. Thomasville National Bank now owns 3,656 shares of the aircraft producer’s stock valued at $624,000 after purchasing an additional 105 shares during the period. Everhart Financial Group Inc. increased its stake in shares of Boeing by 31.9% in the first quarter. Everhart Financial Group Inc. now owns 3,961 shares of the aircraft producer’s stock valued at $676,000 after purchasing an additional 957 shares during the period. Finally, West Branch Capital LLC acquired a new stake in shares of Boeing in the first quarter valued at approximately $171,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $211.04 on Friday. The firm’s 50 day simple moving average is $224.29 and its 200-day simple moving average is $206.38. The company has a market cap of $159.58 billion, a P/E ratio of -12.78 and a beta of 1.47. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 analysts’ expectations of $20.13 billion. During the same quarter in the previous year, the firm earned ($2.90) earnings per share. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Rothschild & Co Redburn upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Friday, June 27th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research report on Tuesday, September 30th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business’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 in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.