Financial Management Professionals Inc. Buys 126 Shares of The Boeing Company $BA

Financial Management Professionals Inc. lifted its stake in The Boeing Company (NYSE:BA) by 19.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 790 shares of the aircraft producer’s stock after buying an additional 126 shares during the quarter. Financial Management Professionals Inc.’s holdings in Boeing were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BA. Kingstone Capital Partners Texas LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $378,459,000. Vanguard Group Inc. raised its stake in Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after purchasing an additional 1,212,327 shares during the period. GAMMA Investing LLC raised its stake in Boeing by 19,333.1% during the 1st quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer’s stock valued at $170,190,000 after purchasing an additional 992,753 shares during the period. Strs Ohio bought a new stake in Boeing during the 1st quarter valued at approximately $98,984,000. Finally, Canada Pension Plan Investment Board raised its stake in Boeing by 243.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock valued at $128,689,000 after purchasing an additional 535,060 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Stock Performance

Shares of Boeing stock opened at $215.36 on Thursday. The stock has a market cap of $162.84 billion, a price-to-earnings ratio of -13.04 and a beta of 1.48. The stock has a 50 day moving average price of $227.04 and a 200-day moving average price of $201.93. 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

BA has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Boeing in a research note on Monday, July 28th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Bank of America raised their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. 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 two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.77.

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.