Intrua Financial LLC Grows Holdings in The Boeing Company $BA

Intrua Financial LLC grew its holdings in The Boeing Company (NYSE:BA) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,258 shares of the aircraft producer’s stock after purchasing an additional 445 shares during the period. Intrua Financial LLC’s holdings in Boeing were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zimmer Partners LP bought a new position in shares of Boeing during the 4th quarter worth $393,736,000. Sculptor Capital LP bought a new position in shares of Boeing during the 4th quarter worth $265,500,000. Vanguard Group Inc. grew its position in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after buying an additional 1,212,327 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Boeing by 19,333.1% during the 1st quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer’s stock worth $170,190,000 after buying an additional 992,753 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Boeing by 243.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after buying an additional 535,060 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $220.27 on Friday. The stock has a market capitalization of $166.56 billion, a P/E ratio of -13.34 and a beta of 1.48. The company’s 50-day simple moving average is $228.76 and its 200-day simple moving average is $198.95. 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 issued its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted ($2.90) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. TD Securities downgraded Boeing to a “cautious” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group lifted their target price on Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. 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 two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.77.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the 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 acquisition, the director owned 2,200 shares in the company, valued at $497,420. The trade was a ? increase in their ownership of the stock. The acquisition 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 firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $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.

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.