The Boeing Company $BA Shares Acquired by Evermay Wealth Management LLC

Evermay Wealth Management LLC grew its position in The Boeing Company (NYSE:BA) by 23.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 991 shares of the aircraft producer’s stock after acquiring an additional 190 shares during the period. Evermay Wealth Management LLC’s holdings in Boeing were worth $208,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. CMG Global Holdings LLC raised its position in shares of Boeing by 53.2% during the 2nd quarter. CMG Global Holdings LLC now owns 42,293 shares of the aircraft producer’s stock worth $8,862,000 after purchasing an additional 14,682 shares during the last quarter. FLC Capital Advisors acquired a new position in shares of Boeing during the 2nd quarter worth about $224,000. Stephens Inc. AR raised its position in shares of Boeing by 19.7% during the 2nd quarter. Stephens Inc. AR now owns 56,100 shares of the aircraft producer’s stock worth $11,755,000 after purchasing an additional 9,243 shares during the last quarter. LMG Wealth Partners LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $230,000. Finally, Uhlmann Price Securities LLC raised its position in shares of Boeing by 4.4% during the 2nd quarter. Uhlmann Price Securities LLC now owns 2,360 shares of the aircraft producer’s stock worth $494,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.8%

Shares of BA opened at $216.78 on Tuesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm’s fifty day simple moving average is $222.92 and its 200-day simple moving average is $208.79. The firm has a market capitalization of $163.92 billion, a price-to-earnings ratio of -13.13 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the prior year, the company earned ($2.90) EPS. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Barclays upped their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Finally, Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and increased their price target for the company from $180.00 to $275.00 in a research note on Friday, June 27th. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $240.20.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. 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.