Romano Brothers AND Company decreased its position in shares of The Boeing Company (NYSE:BA – Free Report) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,355 shares of the aircraft producer’s stock after selling 177 shares during the quarter. Romano Brothers AND Company’s holdings in Boeing were worth $2,398,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $25,000. Aspire Private Capital LLC acquired a new stake in Boeing during the 1st quarter valued at approximately $29,740,200,000. M&R Capital Management Inc. increased its position in Boeing by 90.7% during the 2nd quarter. M&R Capital Management Inc. now owns 143 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 68 shares during the period. Raleigh Capital Management Inc. increased its position in Boeing by 48.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 153 shares of the aircraft producer’s stock valued at $33,000 after purchasing an additional 50 shares during the period. Finally, Steward Financial Group LLC acquired a new stake in Boeing during the 4th quarter valued at approximately $30,000. Institutional investors own 61.33% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on BA. SpectralCast reissued a “reiterates” rating on shares of Boeing in a research report on Wednesday, June 21st. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 1st. Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $300.00 in a research report on Thursday, July 27th. Wells Fargo & Company raised their price objective on shares of Boeing from $250.00 to $270.00 in a research report on Tuesday, August 8th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $245.13.
Insider Buying and Selling
In other news, Director Steven M. Mollenkopf acquired 850 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $237.00 per share, with a total value of $201,450.00. Following the acquisition, the director now owns 3,767 shares in the company, valued at approximately $892,779. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Theodore Colbert III sold 8,500 shares of Boeing 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 completion of the sale, the chief executive officer now owns 59,255 shares in the company, valued at approximately $14,124,614.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven M. Mollenkopf purchased 850 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $237.00 per share, with a total value of $201,450.00. Following the transaction, the director now owns 3,767 shares in the company, valued at approximately $892,779. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.
Boeing Price Performance
NYSE:BA traded down $2.53 during trading hours on Tuesday, hitting $202.59. 1,653,994 shares of the company traded hands, compared to its average volume of 5,619,030. The firm’s 50-day simple moving average is $223.54 and its 200-day simple moving average is $213.09. The Boeing Company has a one year low of $120.99 and a one year high of $243.10.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported ($0.82) earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the business posted ($0.37) earnings per share. Boeing’s revenue was up 18.4% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -2.83 EPS for the current fiscal year.
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.
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