Interchange Capital Partners LLC Raises Stock Position in The Boeing Company $BA

Interchange Capital Partners LLC increased its stake in The Boeing Company (NYSE:BA) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,769 shares of the aircraft producer’s stock after acquiring an additional 224 shares during the quarter. Interchange Capital Partners LLC’s holdings in Boeing were worth $371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing during the second quarter worth $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Monetary Management Group Inc. grew its holdings 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 worth $34,000 after buying an additional 50 shares in the last quarter. IMG Wealth Management Inc. grew its holdings in shares of Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after buying an additional 110 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing during the second quarter worth $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

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

Boeing Trading Up 1.5%

Shares of BA stock opened at $221.13 on Monday. The company’s 50-day moving average price is $221.68 and its 200-day moving average price is $210.85. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market cap of $167.21 billion, a price-to-earnings ratio of -13.39 and a beta of 1.47.

Boeing (NYSE:BA) last posted its 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 business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the prior year, the firm earned ($2.90) earnings per share. Boeing’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BA shares. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. UBS Group set a $280.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Bank of America boosted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Sanford C. Bernstein boosted their price target on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.32.

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.