Anchor Investment Management LLC Buys 50 Shares of The Boeing Company $BA

Anchor Investment Management LLC raised its stake in The Boeing Company (NYSE:BA) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,411 shares of the aircraft producer’s stock after acquiring an additional 50 shares during the period. Anchor Investment Management LLC’s holdings in Boeing were worth $923,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. American National Bank & Trust grew its position in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares during the period. REAP Financial Group LLC grew its position in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC boosted its stake in Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Boeing in the fourth quarter worth $33,000. Finally, Proathlete Wealth Management LLC acquired a new position in Boeing in the first quarter worth $34,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Down 0.9%

NYSE:BA opened at $227.41 on Thursday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The business’s 50-day moving average price is $228.66 and its two-hundred day moving average price is $198.67. The firm has a market capitalization of $171.96 billion, a price-to-earnings ratio of -13.77 and a beta of 1.48.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter last year, the firm earned ($2.90) earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and upped their price target for the company from $242.00 to $270.00 in a research note on Monday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. Finally, UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Company 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.