The Boeing Company (NYSE:BA) Position Boosted by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,094 shares of the aircraft producer’s stock after acquiring an additional 51 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Boeing were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. LifePro Asset Management lifted its position in Boeing by 5.8% in the second quarter. LifePro Asset Management now owns 3,244 shares of the aircraft producer’s stock worth $685,000 after purchasing an additional 179 shares during the period. Curran Financial Partners LLC bought a new position in Boeing during the second quarter valued at about $231,000. FNY Investment Advisers LLC bought a new stake in Boeing in the second quarter worth about $131,000. Norway Savings Bank lifted its holdings in Boeing by 34.7% in the 2nd quarter. Norway Savings Bank now owns 4,251 shares of the aircraft producer’s stock valued at $898,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in shares of Boeing by 3.1% during the 2nd quarter. Gradient Investments LLC now owns 7,067 shares of the aircraft producer’s stock valued at $1,492,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 61.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on BA shares. Morgan Stanley boosted their target price on shares of Boeing from $220.00 to $235.00 in a report on Thursday, July 27th. TD Cowen increased their price objective on Boeing from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, August 28th. SpectralCast reaffirmed a “reiterates” rating on shares of Boeing in a report on Wednesday, June 21st. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $225.00 to $245.00 in a research note on Thursday, July 27th. Finally, TheStreet upgraded Boeing from a “d+” rating to a “c-” rating in a report on Tuesday, August 15th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Boeing Trading Down 0.8 %

Boeing stock traded down $1.60 during trading hours on Monday, reaching $206.51. 902,764 shares of the company were exchanged, compared to its average volume of 5,621,602. The stock has a 50-day moving average of $223.54 and a 200 day moving average of $213.09. The firm has a market cap of $124.24 billion, a price-to-earnings ratio of -27.60 and a beta of 1.43. The Boeing Company has a 12 month low of $120.99 and a 12 month high of $243.10.

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

Insider Activity at Boeing

In other Boeing news, CEO Theodore Colbert III sold 8,500 shares of the firm’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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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, with a total value of $201,450.00. Following the completion of the acquisition, the director now owns 3,767 shares of the company’s stock, valued at $892,779. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Theodore Colbert III sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the transaction, 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. Corporate 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.