Relyea Zuckerberg Hanson LLC Invests $260,000 in The Boeing Company $BA

Relyea Zuckerberg Hanson LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, HoldingsChannel reports. The firm acquired 1,243 shares of the aircraft producer’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Piscataqua Savings Bank boosted its position 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 during the period. Proathlete Wealth Management LLC bought a new stake in Boeing in the 1st quarter valued at approximately $34,000. Monetary Management Group Inc. boosted its position in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares during the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Boeing by 30.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 56 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Boeing in the second quarter valued at approximately $61,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

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

Boeing Stock Up 1.5%

Shares of NYSE BA opened at $219.62 on Tuesday. The business’s 50 day moving average price is $224.72 and its two-hundred day moving average price is $205.50. The company has a market cap of $166.07 billion, a PE ratio of -13.30 and a beta of 1.47. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The firm’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted ($2.90) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BA shares. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. Barclays increased their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and upped their target price for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed 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 assigned a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.91.

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.