Sound Income Strategies LLC Has $179,000 Stock Position in The Boeing Company (NYSE:BA)

Sound Income Strategies LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 37.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846 shares of the aircraft producer’s stock after acquiring an additional 232 shares during the period. Sound Income Strategies LLC’s holdings in Boeing were worth $179,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BA. BlackRock Inc. raised its position in shares of Boeing by 8.1% in the first quarter. BlackRock Inc. now owns 35,950,526 shares of the aircraft producer’s stock valued at $7,636,970,000 after buying an additional 2,682,272 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after buying an additional 16,041,103 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 9,908,984 shares of the aircraft producer’s stock valued at $2,099,342,000 after buying an additional 224,280 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Boeing by 11.7% during the 4th quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after acquiring an additional 872,795 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Boeing by 734.7% during the 1st quarter. Fisher Asset Management LLC now owns 4,359,740 shares of the aircraft producer’s stock worth $926,140,000 after acquiring an additional 3,837,422 shares in the last quarter. Institutional investors own 61.33% of the company’s stock.

Insider Activity

In related news, CEO Theodore Colbert III sold 8,500 shares of Boeing 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 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 is accessible through the SEC website. In other news, Director Steven M. Mollenkopf acquired 850 shares of the business’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $237.00 per share, with a total value of $201,450.00. Following the acquisition, the director now directly owns 3,767 shares of the company’s stock, valued at $892,779. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Theodore Colbert III sold 8,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 59,255 shares in the company, valued at $14,124,614.35. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. SpectralCast reaffirmed a “reiterates” rating on shares of Boeing in a report on Wednesday, June 21st. Citigroup boosted their target price on Boeing from $248.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. TD Cowen raised their price target on shares of Boeing from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $225.00 to $245.00 in a research report on Thursday, July 27th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.13.

Boeing Stock Down 0.4 %

Shares of BA stock opened at $208.13 on Friday. The Boeing Company has a 52 week low of $120.99 and a 52 week high of $243.10. The firm has a 50 day moving average of $223.62 and a 200-day moving average of $212.89. The company has a market cap of $125.21 billion, a price-to-earnings 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, topping analysts’ consensus estimates of ($0.99) by $0.17. The company had revenue of $19.75 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the company earned ($0.37) EPS. Boeing’s revenue for the quarter was up 18.4% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.6 earnings per share for the current year.

About Boeing

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.