Norway Savings Bank Buys 1,095 Shares of The Boeing Company (NYSE:BA)

Norway Savings Bank raised its stake in The Boeing Company (NYSE:BA) by 34.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,251 shares of the aircraft producer’s stock after acquiring an additional 1,095 shares during the quarter. Norway Savings Bank’s holdings in Boeing were worth $898,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Gradient Investments LLC increased its holdings in shares of Boeing by 3.1% during the second quarter. Gradient Investments LLC now owns 7,067 shares of the aircraft producer’s stock worth $1,492,000 after purchasing an additional 211 shares during the period. Good Life Advisors LLC increased its holdings in shares of Boeing by 7.5% during the second quarter. Good Life Advisors LLC now owns 7,441 shares of the aircraft producer’s stock worth $1,571,000 after purchasing an additional 521 shares during the period. Sanders Morris Harris LLC increased its holdings in shares of Boeing by 208.9% during the second quarter. Sanders Morris Harris LLC now owns 3,475 shares of the aircraft producer’s stock worth $733,000 after purchasing an additional 2,350 shares during the period. Allied Investment Advisors LLC increased its holdings in shares of Boeing by 8.8% during the second quarter. Allied Investment Advisors LLC now owns 3,523 shares of the aircraft producer’s stock worth $744,000 after purchasing an additional 285 shares during the period. Finally, Evanson Asset Management LLC increased its holdings in shares of Boeing by 7.1% during the second quarter. Evanson Asset Management LLC now owns 4,688 shares of the aircraft producer’s stock worth $973,000 after purchasing an additional 310 shares during the period. 61.33% of the stock is owned by institutional investors.

Boeing Trading Down 0.4 %

BA stock traded down $0.94 during midday trading on Friday, hitting $208.11. The stock had a trading volume of 4,670,575 shares, compared to its average volume of 5,649,131. The firm has a market cap of $125.20 billion, a P/E ratio of -27.79 and a beta of 1.43. The Boeing Company has a 1-year low of $120.99 and a 1-year high of $243.10. The business has a fifty day moving average price of $223.54 and a two-hundred day moving average price of $213.03.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BA shares. 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 lifted their price objective on shares of Boeing from $220.00 to $235.00 in a research note 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. Susquehanna reissued a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research note on Wednesday. Finally, Citigroup lifted their price objective on shares of Boeing from $248.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.13.

Insider Buying and Selling at Boeing

In other Boeing 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 directly owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Steven M. Mollenkopf purchased 850 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $237.00 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore Colbert III sold 8,500 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $238.37, for a total transaction of $2,026,145.00. Following the sale, the chief executive officer now directly owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The disclosure for this sale can be found here. 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.