Clarius Group LLC Sells 65 Shares of The Boeing Company $BA

Clarius Group LLC lowered its stake in The Boeing Company (NYSE:BA) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,538 shares of the aircraft producer’s stock after selling 65 shares during the quarter. Clarius Group LLC’s holdings in Boeing were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Piscataqua Savings Bank grew its position in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new stake in shares of Boeing during the first quarter worth about $34,000. Monetary Management Group Inc. grew its position in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. Columbia River Financial Group LLC purchased a new stake in shares of Boeing during the first quarter worth about $50,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Boeing by 33.8% during the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock worth $51,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on 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 transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

Shares of Boeing stock opened at $216.32 on Monday. The stock has a market cap of $163.57 billion, a price-to-earnings ratio of -13.10 and a beta of 1.47. The stock has a 50 day moving average price of $225.06 and a 200-day moving average price of $205.21. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BA shares. Barclays increased their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Susquehanna reiterated a “positive” rating and set a $270.00 target price on shares of Boeing in a research report on Monday, September 15th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and raised their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.91.

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.