Inspirion Wealth Advisors LLC Acquires 432 Shares of The Boeing Company $BA

Inspirion Wealth Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 34.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,672 shares of the aircraft producer’s stock after purchasing an additional 432 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in Boeing were worth $350,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Boeing by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after buying an additional 19,615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Boeing by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after acquiring an additional 91,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Boeing by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,841,432 shares of the aircraft producer’s stock valued at $502,933,000 after acquiring an additional 369,306 shares during the period. Finally, Zimmer Partners LP bought a new stake in Boeing during the fourth quarter worth about $393,736,000. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on BA. Susquehanna restated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Wednesday, July 30th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. Jefferies Financial Group boosted their target price on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Three investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.77.

Boeing Price Performance

BA stock opened at $214.95 on Wednesday. The company’s 50-day moving average is $228.64 and its 200-day moving average is $199.96. The stock has a market capitalization of $162.54 billion, a PE ratio of -13.02 and a beta of 1.48. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

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 analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.90) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 completion of the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction 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 purchase, 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. 0.09% of the stock is owned by company insiders.

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.