Falcon Wealth Planning Increases Stock Holdings in The Boeing Company (NYSE:BA)

Falcon Wealth Planning raised its holdings in The Boeing Company (NYSE:BA) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,241 shares of the aircraft producer’s stock after buying an additional 103 shares during the quarter. Falcon Wealth Planning’s holdings in Boeing were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BA. Grey Fox Wealth Advisors LLC acquired a new stake in Boeing in the 4th quarter worth approximately $25,000. Aspire Private Capital LLC purchased a new stake in shares of Boeing during the first quarter valued at $29,740,200,000. Steward Financial Group LLC acquired a new position in shares of Boeing in the 4th quarter valued at $30,000. True Wealth Design LLC purchased a new position in Boeing in the 4th quarter worth $33,000. Finally, Nordwand Advisors LLC acquired a new stake in Boeing during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 61.33% of the company’s stock.

Boeing Stock Up 0.1 %

Shares of NYSE BA traded up $0.31 during trading on Tuesday, hitting $211.32. The company had a trading volume of 1,151,133 shares, compared to its average volume of 5,664,061. The Boeing Company has a fifty-two week low of $120.99 and a fifty-two week high of $243.10. The stock has a fifty day simple moving average of $223.79 and a two-hundred day simple moving average of $212.86. The firm has a market capitalization of $127.13 billion, a price-to-earnings ratio of -28.17 and a beta of 1.43.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.17. The firm had revenue of $19.75 billion for the quarter, compared to analyst estimates of $18.59 billion. Boeing’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.37) EPS. On average, analysts anticipate that The Boeing Company will post -1.95 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $300.00 in a report on Thursday, July 27th. Jefferies Financial Group raised their target price on shares of Boeing from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Morgan Stanley upped their price target on shares of Boeing from $220.00 to $235.00 in a report on Thursday, July 27th. Citigroup lifted their price objective on Boeing from $248.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, StockNews.com initiated coverage on Boeing in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.13.

Insider Activity

In related news, Director Steven M. Mollenkopf purchased 850 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $237.00 per share, for a total transaction of $201,450.00. Following the completion of the transaction, the director now directly owns 3,767 shares of the company’s stock, valued at $892,779. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Theodore Colbert III sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the sale, the chief executive officer now owns 59,255 shares of the company’s stock, valued at approximately $14,124,614.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven M. Mollenkopf purchased 850 shares of Boeing stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $237.00 per share, for a total transaction of $201,450.00. Following the transaction, the director now owns 3,767 shares in the company, valued at approximately $892,779. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.