Hoertkorn Richard Charles Has $7.58 Million Position in The Boeing Company (NYSE:BA)

Hoertkorn Richard Charles grew its holdings in The Boeing Company (NYSE:BA) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,906 shares of the aircraft producer’s stock after purchasing an additional 766 shares during the period. Boeing comprises about 3.7% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 10th biggest holding. Hoertkorn Richard Charles’ holdings in Boeing were worth $7,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new stake in Boeing during the fourth quarter worth approximately $25,000. Aspire Private Capital LLC purchased a new stake in shares of Boeing in the first quarter valued at approximately $29,740,200,000. M&R Capital Management Inc. lifted its holdings in Boeing by 90.7% during the second quarter. M&R Capital Management Inc. now owns 143 shares of the aircraft producer’s stock worth $30,000 after buying an additional 68 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Boeing by 48.5% during the first quarter. Raleigh Capital Management Inc. now owns 153 shares of the aircraft producer’s stock worth $33,000 after buying an additional 50 shares during the period. Finally, Steward Financial Group LLC purchased a new stake in Boeing during the fourth quarter worth $30,000. 61.33% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.2 %

Shares of NYSE BA traded down $0.44 during midday trading on Friday, hitting $208.61. The company’s stock had a trading volume of 1,536,774 shares, compared to its average volume of 5,630,679. The firm’s fifty day moving average price is $223.69 and its 200-day moving average price is $212.92. The Boeing Company has a 1-year low of $120.99 and a 1-year high of $243.10.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported ($0.82) EPS for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.17. The business had revenue of $19.75 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -2.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on BA shares. JPMorgan Chase & Co. upped their target price on Boeing from $225.00 to $245.00 in a research report on Thursday, July 27th. StockNews.com began coverage on shares of Boeing in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. SpectralCast reaffirmed a “reiterates” rating on shares of Boeing in a research note on Wednesday, June 21st. TheStreet upgraded shares of Boeing from a “d+” rating to a “c-” rating in a report on Tuesday, August 15th. Finally, TD Cowen lifted their price target on shares of Boeing from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, August 28th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $245.13.

Insider Activity at Boeing

In other news, CEO Theodore Colbert III sold 8,500 shares of the business’s stock in a transaction 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 directly owns 59,255 shares in the company, valued at $14,124,614.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Theodore Colbert III sold 8,500 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven M. Mollenkopf acquired 850 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $237.00 per share, for a total transaction of $201,450.00. Following the acquisition, the director now owns 3,767 shares in the company, valued at $892,779. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

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.