Mesirow Financial Investment Management Inc. Sells 325 Shares of The Boeing Company $BA

Mesirow Financial Investment Management Inc. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,148 shares of the aircraft producer’s stock after selling 325 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Boeing were worth $3,174,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Wallace Advisory Group LLC lifted its holdings in shares of Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC lifted its holdings in shares of Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares in the last quarter. Lantz Financial LLC lifted its holdings in shares of Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after purchasing an additional 46 shares in the last quarter. Atlas Brown Inc. lifted its holdings in shares of Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 48 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Boeing by 2.7% in the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.6%

NYSE:BA opened at $201.24 on Friday. The firm has a market capitalization of $152.17 billion, a price-to-earnings ratio of -14.71 and a beta of 1.47. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock’s 50 day moving average price is $220.17 and its two-hundred day moving average price is $212.37.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts’ expectations 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) earnings per share. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BA shares. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Citigroup restated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Bank of America boosted their target price on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. cut their target price on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $242.79.

Insider Activity at Boeing

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

Boeing 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.