S. R. Schill & Associates Sells 295 Shares of The Boeing Company $BA

S. R. Schill & Associates lessened its position in shares of The Boeing Company (NYSE:BA) by 8.6% in the second quarter, Holdings Channel reports. The fund owned 3,127 shares of the aircraft producer’s stock after selling 295 shares during the quarter. Boeing comprises 0.5% of S. R. Schill & Associates’ investment portfolio, making the stock its 18th biggest holding. S. R. Schill & Associates’ holdings in Boeing were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Monetary Management Group Inc. grew its stake in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares during the last quarter. Anchor Investment Management LLC lifted its position in Boeing by 0.9% during the 1st quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer’s stock worth $923,000 after acquiring an additional 50 shares during the period. Heritage Financial Services LLC lifted its position in Boeing by 4.2% during the 1st quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer’s stock worth $216,000 after acquiring an additional 51 shares during the period. Wood Tarver Financial Group LLC lifted its position in Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer’s stock worth $75,000 after acquiring an additional 55 shares during the period. Finally, Signature Wealth Management Partners LLC lifted its position in Boeing by 2.0% during the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer’s stock worth $493,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BA shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Wednesday, July 30th. Barclays lifted their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and lifted their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research report on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $230.77.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value 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. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Down 1.8%

Shares of BA stock opened at $216.12 on Friday. The stock has a market cap of $163.42 billion, a PE ratio of -13.09 and a beta of 1.48. The business has a 50-day simple moving average of $228.76 and a 200-day simple moving average of $199.21. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the business posted ($2.90) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.