Cooper Financial Group Sells 419 Shares of The Boeing Company $BA

Cooper Financial Group cut its stake in shares of The Boeing Company (NYSE:BA) by 18.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,867 shares of the aircraft producer’s stock after selling 419 shares during the quarter. Cooper Financial Group’s holdings in Boeing were worth $391,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $201,000. Merit Financial Group LLC increased its position in Boeing by 9.1% in the first quarter. Merit Financial Group LLC now owns 18,511 shares of the aircraft producer’s stock worth $3,157,000 after buying an additional 1,551 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Boeing by 9.4% in the first quarter. ST Germain D J Co. Inc. now owns 1,624 shares of the aircraft producer’s stock worth $277,000 after buying an additional 140 shares during the last quarter. HBW Advisory Services LLC increased its position in Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock worth $266,000 after buying an additional 64 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Boeing by 17.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,188 shares of the aircraft producer’s stock valued at $885,000 after purchasing an additional 769 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BA shares. Jefferies Financial Group set a $255.00 price target on Boeing in a research report on Tuesday. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price for the company in a research report on Friday, June 27th. Sanford C. Bernstein boosted their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $233.91.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the company’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 value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

BA stock opened at $217.12 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The business’s 50 day moving average price is $225.39 and its two-hundred day moving average price is $204.38. The company has a market capitalization of $164.18 billion, a price-to-earnings ratio of -13.15 and a beta of 1.47.

Boeing (NYSE:BA) last posted its quarterly 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 company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.90) EPS. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.