The Boeing Company $BA Shares Sold by Northern Capital Management Inc.

Northern Capital Management Inc. trimmed its position in shares of The Boeing Company (NYSE:BA) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,694 shares of the aircraft producer’s stock after selling 65 shares during the period. Northern Capital Management Inc.’s holdings in Boeing were worth $355,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the second quarter valued at $25,000. Piscataqua Savings Bank raised its stake in shares of Boeing by 1,712.5% in the second 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. raised its stake in shares of Boeing by 33.3% in the first 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. Keener Financial Planning LLC acquired a new stake in shares of Boeing in the second quarter valued at $41,000. Finally, Columbia River Financial Group LLC acquired a new stake in shares of Boeing in the first quarter valued at $50,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. UBS Group set a $280.00 price objective on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Sanford C. Bernstein raised their price target on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Finally, Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $240.20.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm’s 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. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $213.09 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market cap of $161.13 billion, a PE ratio of -12.91 and a beta of 1.47. The stock’s fifty day moving average is $223.10 and its two-hundred day moving average is $207.83.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The business’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm posted ($2.90) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.