Advance Capital Management Inc. Makes New $235,000 Investment in The Boeing Company $BA

Advance Capital Management Inc. purchased a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,123 shares of the aircraft producer’s stock, valued at approximately $235,000.

A number of other large investors also recently bought and sold shares of BA. Revolve Wealth Partners LLC purchased a new position in Boeing during the fourth quarter worth approximately $201,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Boeing in the 4th quarter valued at $7,837,000. Triumph Capital Management raised its stake in shares of Boeing by 12.8% in the 4th quarter. Triumph Capital Management now owns 9,557 shares of the aircraft producer’s stock valued at $1,692,000 after acquiring an additional 1,084 shares during the period. Toronto Dominion Bank raised its stake in shares of Boeing by 68.7% in the 4th quarter. Toronto Dominion Bank now owns 450,273 shares of the aircraft producer’s stock valued at $79,698,000 after acquiring an additional 183,405 shares during the period. Finally, Tang Capital Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at $1,114,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and raised their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, UBS Group set a $280.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $230.77.

Boeing Trading Down 1.8%

BA opened at $216.12 on Monday. The company has a fifty day simple moving average of $228.76 and a 200 day simple moving average of $199.57. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of -13.09 and a beta of 1.48. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted ($2.90) earnings per share. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost 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 approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.