The Boeing Company $BA Shares Acquired by Oak Harvest Investment Services

Oak Harvest Investment Services increased its holdings in shares of The Boeing Company (NYSE:BA) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,921 shares of the aircraft producer’s stock after purchasing an additional 562 shares during the quarter. Oak Harvest Investment Services’ holdings in Boeing were worth $2,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Wallace Advisory Group LLC lifted its position in Boeing by 1.2% in the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after acquiring an additional 44 shares during the last quarter. Aspire Capital Advisors LLC increased its position in Boeing by 0.8% during the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC lifted its stake in Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after acquiring an additional 46 shares during the period. Finally, Atlas Brown Inc. raised its position in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Susquehanna dropped their price objective on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research note on Wednesday. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Loop Capital set a $223.00 price target on shares of Boeing in a report on Monday, November 3rd. Finally, Sanford C. Bernstein lifted their price objective on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.05.

Boeing Trading Down 0.4%

Shares of BA opened at $194.67 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm has a market capitalization of $147.96 billion, a P/E ratio of -14.23 and a beta of 1.44. The firm’s 50-day moving average is $213.55 and its two-hundred day moving average is $214.37.

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

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at $497,420. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by insiders.

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.