Whalen Wealth Management Inc. Invests $262,000 in The Boeing Company $BA

Whalen Wealth Management Inc. bought a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,251 shares of the aircraft producer’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $201,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Boeing by 101.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,929 shares of the aircraft producer’s stock worth $2,376,000 after purchasing an additional 7,002 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Boeing by 13.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 111,636 shares of the aircraft producer’s stock worth $18,774,000 after purchasing an additional 13,180 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Boeing by 38.3% in the first quarter. Golden State Wealth Management LLC now owns 5,250 shares of the aircraft producer’s stock worth $896,000 after purchasing an additional 1,454 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Boeing by 0.5% in the first quarter. KBC Group NV now owns 60,872 shares of the aircraft producer’s stock worth $10,382,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on BA shares. Sanford C. Bernstein lifted their price target on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

Boeing Price Performance

BA opened at $213.77 on Thursday. The stock has a 50-day moving average price of $221.23 and a 200-day moving average price of $212.16. The firm has a market cap of $161.64 billion, a PE ratio of -12.95 and a beta of 1.47. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (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 analysts’ expectations of $21.61 billion. Boeing’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($10.44) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing 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.