Evelyn Partners Investment Management Services Ltd Grows Holdings in The Boeing Company $BA

Evelyn Partners Investment Management Services Ltd boosted its holdings in shares of The Boeing Company (NYSE:BA) by 648.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,369 shares of the aircraft producer’s stock after purchasing an additional 1,186 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Boeing were worth $287,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Asset Planning Inc. purchased a new stake in Boeing during the 2nd quarter valued at approximately $25,000. Piscataqua Savings Bank increased its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Boeing in the second quarter valued at approximately $35,000. IMG Wealth Management Inc. raised its stake in shares of Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Boeing during the second quarter worth $39,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 0.1%

BA opened at $179.58 on Friday. The firm has a market cap of $136.50 billion, a P/E ratio of -13.13 and a beta of 1.44. The business’s fifty day simple moving average is $208.90 and its 200 day simple moving average is $214.49. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. The firm’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned ($10.44) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research report on Thursday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $267.00 price objective on shares of Boeing in a report on Friday, November 14th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group restated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Finally, Jefferies Financial Group set a $255.00 price objective on Boeing in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $232.09.

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.