Blue Zone Wealth Advisors LLC Increases Position in The Boeing Company $BA

Blue Zone Wealth Advisors LLC increased its stake in The Boeing Company (NYSE:BA) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,149 shares of the aircraft producer’s stock after purchasing an additional 1,093 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Boeing were worth $5,269,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Piscataqua Savings Bank increased its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new position in shares of Boeing in the 1st quarter valued at about $34,000. Monetary Management Group Inc. increased its holdings in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. Columbia River Financial Group LLC purchased a new position in Boeing during the 1st quarter valued at about $50,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Boeing by 33.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock valued at $51,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Performance

BA opened at $211.04 on Friday. The company’s 50 day simple moving average is $224.29 and its 200 day simple moving average is $206.19. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock has a market capitalization of $159.58 billion, a PE ratio of -12.78 and a beta of 1.47.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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. During the same quarter in the previous year, the company earned ($2.90) earnings per share. The business’s revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on BA. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Redburn Atlantic upgraded 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 report on Friday, June 27th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.91.

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.