Savvy Advisors Inc. Acquires 859 Shares of The Boeing Company $BA

Savvy Advisors Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,412 shares of the aircraft producer’s stock after purchasing an additional 859 shares during the quarter. Savvy Advisors Inc.’s holdings in Boeing were worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. bought a new stake in shares of Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank increased its position in 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 acquiring an additional 137 shares during the period. IMG Wealth Management Inc. raised its stake in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Monetary Management Group Inc. boosted its holdings in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the period. Finally, Keener Financial Planning LLC bought a new stake in Boeing in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $200.15 on Friday. The firm has a market capitalization of $151.34 billion, a P/E ratio of -14.63 and a beta of 1.47. The stock has a fifty day moving average price of $220.74 and a two-hundred day moving average price of $212.08. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The business’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($10.44) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Susquehanna reaffirmed a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. JPMorgan Chase & Co. decreased their price objective on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, UBS Group restated a “buy” rating on shares of Boeing in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $242.79.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was 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. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by corporate insiders.

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.