1,001 Shares in The Boeing Company $BA Purchased by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC acquired a new stake in The Boeing Company (NYSE:BA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,001 shares of the aircraft producer’s stock, valued at approximately $210,000.

A number of other institutional investors have also bought and sold shares of BA. Revolve Wealth Partners LLC purchased a new stake in Boeing in the 4th quarter valued at $201,000. Ballentine Partners LLC boosted its position in shares of Boeing by 10.2% during the 1st quarter. Ballentine Partners LLC now owns 6,377 shares of the aircraft producer’s stock valued at $1,088,000 after acquiring an additional 589 shares during the last quarter. CWM LLC grew its holdings in shares of Boeing by 8.9% in the first quarter. CWM LLC now owns 136,174 shares of the aircraft producer’s stock valued at $23,225,000 after purchasing an additional 11,179 shares during the period. Bleakley Financial Group LLC increased its position in Boeing by 7.9% during the first quarter. Bleakley Financial Group LLC now owns 16,098 shares of the aircraft producer’s stock worth $2,746,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Leelyn Smith LLC increased its position in Boeing by 7.4% during the first quarter. Leelyn Smith LLC now owns 22,530 shares of the aircraft producer’s stock worth $3,842,000 after purchasing an additional 1,561 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on BA shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Loop Capital set a $223.00 price target on Boeing in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $241.80.

Boeing Stock Up 0.1%

Shares of NYSE BA opened at $194.74 on Tuesday. The business’s 50 day moving average is $215.84 and its two-hundred day moving average is $214.51. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market cap of $148.02 billion, a price-to-earnings ratio of -14.24 and a beta of 1.44.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the firm posted ($10.44) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.