JGP Wealth Management LLC Grows Position in The Boeing Company $BA

JGP Wealth Management LLC lifted its stake in The Boeing Company (NYSE:BA) by 12.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,874 shares of the aircraft producer’s stock after buying an additional 205 shares during the quarter. JGP Wealth Management LLC’s holdings in Boeing were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BA. Revolve Wealth Partners LLC purchased a new position in shares of Boeing in the fourth quarter worth $201,000. GAMMA Investing LLC lifted its holdings 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 worth $998,000 after buying an additional 716 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Boeing by 103.5% in the first quarter. Ritholtz Wealth Management now owns 10,062 shares of the aircraft producer’s stock worth $1,716,000 after buying an additional 5,117 shares in the last quarter. Good Life Advisors LLC lifted its holdings in shares of Boeing by 3.0% in the first quarter. Good Life Advisors LLC now owns 7,618 shares of the aircraft producer’s stock worth $1,299,000 after buying an additional 222 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Boeing in the first quarter worth $24,207,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.6%

BA stock opened at $214.31 on Wednesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market capitalization of $162.05 billion, a price-to-earnings ratio of -12.98 and a beta of 1.47. The firm’s fifty day simple moving average is $223.95 and its two-hundred day simple moving average is $206.92.

Boeing (NYSE:BA) last posted 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 business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the business earned ($2.90) EPS. The firm’s revenue was up 34.9% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research report on Tuesday, September 30th. Finally, KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $240.20.

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $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. Corporate insiders own 0.09% of the company’s stock.

About Boeing

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.