The Boeing Company $BA Shares Bought by WealthShield Partners LLC

WealthShield Partners LLC grew its position in The Boeing Company (NYSE:BA) by 52.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,778 shares of the aircraft producer’s stock after purchasing an additional 956 shares during the period. WealthShield Partners LLC’s holdings in Boeing were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new position in Boeing during the second quarter valued at approximately $25,000. Piscataqua Savings Bank lifted its holdings in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. lifted its holdings in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Boeing during the 2nd quarter worth $35,000. Finally, IMG Wealth Management Inc. increased its holdings in Boeing by 159.4% in 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 in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.1%

Shares of NYSE:BA opened at $194.45 on Friday. The firm has a market cap of $147.80 billion, a price-to-earnings ratio of -14.21 and a beta of 1.44. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The business has a fifty day simple moving average of $212.85 and a 200 day simple moving average of $214.68.

Boeing (NYSE:BA) last issued 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 business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm posted ($10.44) earnings per share. Boeing’s revenue was up 30.4% on a year-over-year basis. On average, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Susquehanna decreased their price target on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research report on Thursday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a report on Monday, September 29th. 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 four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.30.

Insider Activity at Boeing

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