The Boeing Company $BA Shares Newly Bought by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new position in The Boeing Company (NYSE:BA – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,020 shares of the aircraft producer’s stock, valued at approximately $715,000.

Other institutional investors have also recently made changes to their positions in the company. Highland Investment Advisors LLC bought a new position in Boeing in the 2nd quarter worth approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 2nd quarter valued at approximately $27,000. Retirement Wealth Solutions LLC grew its holdings in Boeing by 3,575.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock valued at $27,000 after buying an additional 143 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in Boeing during the 2nd quarter valued at approximately $29,000. Finally, Security National Bank of SO Dak bought a new stake in shares of Boeing during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Boeing Stock Performance

NYSE BA opened at $173.37 on Wednesday. The stock has a market capitalization of $137.39 billion, a PE ratio of 18.86 and a beta of 1.34. The business has a 50 day simple moving average of $190.95 and a two-hundred day simple moving average of $214.64. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The Boeing Company has a 1-year low of $165.01 and a 1-year high of $254.35.

Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The firm had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($7.47) EPS. On average, research analysts predict that The Boeing Company will post -1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BA shares. Btg Pactual set a $260.00 target price on shares of Boeing in a report on Tuesday, July 14th. Sanford C. Bernstein dropped their target price on shares of Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Langenberg & Company set a $250.00 target price on shares of Boeing in a research note on Tuesday, October 27th. Robert W. Baird reduced their price target on shares of Boeing from $300.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $247.88.

Check Out Our Latest Stock Report on Boeing

Insiders Place Their Bets

In other Boeing news, Director Mortimer Buckley bought 5,820 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average cost of $171.55 per share, with a total value of $998,421.00. Following the completion of the acquisition, the director owned 10,250 shares in the company, valued at $1,758,387.50. This trade represents a 131.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Mollenkopf purchased 2,950 shares of Boeing stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average price of $173.03 per share, for a total transaction of $510,438.50. Following the transaction, the director directly owned 6,717 shares of the company’s stock, valued at $1,162,242.51. The trade was a 78.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

About Boeing

(Free Report)

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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