Signature Wealth Management Partners LLC Sells 200 Shares of The Boeing Company $BA

Signature Wealth Management Partners LLC reduced its position in The Boeing Company (NYSE:BA) by 6.9% in the 2nd quarter, Holdings Channel reports. The firm owned 2,688 shares of the aircraft producer’s stock after selling 200 shares during the quarter. Signature Wealth Management Partners LLC’s holdings in Boeing were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestcor Inc lifted its position in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after purchasing an additional 1,195 shares during the period. National Pension Service lifted its holdings in shares of Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after acquiring an additional 218,049 shares during the period. Wynn Capital LLC bought a new position in shares of Boeing during the first quarter valued at $584,000. MFG Wealth Management Inc. bought a new position in shares of Boeing during the first quarter valued at $2,125,000. Finally, Kelman Lazarov Inc. bought a new position in shares of Boeing during the first quarter valued at $262,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BA shares. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 price objective on shares of Boeing in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the company from $242.00 to $270.00 in a report on Monday, September 8th. UBS Group set a $280.00 price objective on Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.91.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s 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 sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Boeing Stock Down 0.5%

Boeing stock opened at $216.32 on Friday. The stock has a 50-day simple moving average of $225.06 and a 200 day simple moving average of $204.76. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock has a market capitalization of $163.57 billion, a price-to-earnings ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) 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. During the same period last year, the company earned ($2.90) earnings per share. The firm’s revenue was up 34.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.