Rosenberg Matthew Hamilton Buys 813 Shares of The Boeing Company $BA

Rosenberg Matthew Hamilton lifted its stake in The Boeing Company (NYSE:BA) by 88.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,730 shares of the aircraft producer’s stock after purchasing an additional 813 shares during the period. Rosenberg Matthew Hamilton’s holdings in Boeing were worth $362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in shares of Boeing in the 1st quarter worth $34,000. Monetary Management Group Inc. boosted its position in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Keener Financial Planning LLC bought a new position in shares of Boeing in the 2nd quarter worth $41,000. Finally, Columbia River Financial Group LLC bought a new position in shares of Boeing in the 1st quarter worth $50,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BA. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. UBS Group set a $280.00 target price on Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Jefferies Financial Group set a $255.00 target price on Boeing in a report on Tuesday, September 30th. Finally, Barclays lifted their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.20.

Insider Activity

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ? increase in their position. The transaction 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 Boeing 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 completion of the sale, the executive vice president directly owned 35,873 shares in the company, 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. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA opened at $214.31 on Wednesday. The business’s 50-day moving average price is $223.95 and its two-hundred day moving average price is $206.92. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a market capitalization of $162.05 billion, a price-to-earnings ratio of -12.98 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) 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 analysts’ expectations of $20.13 billion. During the same quarter last year, the company earned ($2.90) earnings per share. Boeing’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing Company 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.