Gunderson Capital Management Inc. Sells 548 Shares of The Boeing Company (NYSE:BA)

Gunderson Capital Management Inc. lessened its stake in The Boeing Company (NYSE:BA) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,038 shares of the aircraft producer’s stock after selling 548 shares during the period. Boeing comprises about 2.8% of Gunderson Capital Management Inc.’s portfolio, making the stock its 18th biggest position. Gunderson Capital Management Inc.’s holdings in Boeing were worth $4,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Donaldson Capital Management LLC grew its holdings in shares of Boeing by 3.2% in the 1st quarter. Donaldson Capital Management LLC now owns 1,539 shares of the aircraft producer’s stock worth $327,000 after purchasing an additional 48 shares during the last quarter. Avalon Investment & Advisory raised its stake in shares of Boeing by 2.7% in the fourth quarter. Avalon Investment & Advisory now owns 1,884 shares of the aircraft producer’s stock valued at $359,000 after acquiring an additional 49 shares during the last quarter. Waverly Advisors LLC boosted its holdings in shares of Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after acquiring an additional 49 shares in the last quarter. Silverlake Wealth Management LLC grew its position in Boeing by 0.9% during the 1st quarter. Silverlake Wealth Management LLC now owns 5,773 shares of the aircraft producer’s stock worth $1,226,000 after acquiring an additional 50 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its holdings in Boeing by 3.4% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 1,508 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 61.33% of the company’s stock.

Boeing Stock Down 0.4 %

Shares of NYSE:BA traded down $0.94 during midday trading on Friday, reaching $208.11. The company had a trading volume of 4,670,575 shares, compared to its average volume of 5,649,131. The business’s 50 day moving average price is $223.62 and its 200 day moving average price is $212.89. The Boeing Company has a 1-year low of $120.99 and a 1-year high of $243.10. The stock has a market cap of $125.20 billion, a PE ratio of -27.79 and a beta of 1.43.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.17. The business had revenue of $19.75 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business earned ($0.37) earnings per share. The business’s quarterly revenue was up 18.4% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BA shares. Wells Fargo & Company boosted their price objective on Boeing from $250.00 to $270.00 in a research note on Tuesday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $225.00 to $245.00 in a research report on Thursday, July 27th. SpectralCast reissued a “reiterates” rating on shares of Boeing in a research note on Wednesday, June 21st. TD Cowen boosted their price objective on shares of Boeing from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, August 28th. Finally, Bank of America upgraded Boeing from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $300.00 in a research report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Insiders Place Their Bets

In related news, Director Steven M. Mollenkopf purchased 850 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now owns 3,767 shares in the company, valued at approximately $892,779. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Theodore Colbert III sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total transaction of $2,026,145.00. Following the completion of the transaction, the chief executive officer now directly owns 59,255 shares in the company, valued at approximately $14,124,614.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven M. Mollenkopf bought 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 purchase, the director now owns 3,767 shares of the company’s stock, 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 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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.