First Command Advisory Services Inc. Purchases 2,524 Shares of The Boeing Company $BA

First Command Advisory Services Inc. lifted its position in The Boeing Company (NYSE:BA) by 44.9% during the 2nd quarter, Holdings Channel reports. The firm owned 8,148 shares of the aircraft producer’s stock after acquiring an additional 2,524 shares during the period. First Command Advisory Services Inc.’s holdings in Boeing were worth $1,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $201,000. GAMMA Investing LLC grew its holdings in shares of Boeing by 13.9% in the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock worth $998,000 after purchasing an additional 716 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Boeing by 101.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,929 shares of the aircraft producer’s stock worth $2,376,000 after purchasing an additional 7,002 shares during the last quarter. Transcend Capital Advisors LLC boosted its holdings in Boeing by 2.7% in the first quarter. Transcend Capital Advisors LLC now owns 5,054 shares of the aircraft producer’s stock valued at $862,000 after acquiring an additional 131 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Boeing by 13.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 111,636 shares of the aircraft producer’s stock valued at $18,774,000 after acquiring an additional 13,180 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on BA shares. Susquehanna reiterated a “positive” rating and issued a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $242.32.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Boeing Price Performance

Shares of Boeing stock opened at $221.13 on Monday. The company has a 50-day moving average of $221.68 and a 200 day moving average of $210.85. The firm has a market cap of $167.21 billion, a price-to-earnings ratio of -13.39 and a beta of 1.47. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last issued its quarterly 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 the consensus estimate of $20.13 billion. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm posted ($2.90) EPS. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS 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.