Stark Wealth Management LLC Invests $529,000 in The Boeing Company $BA

Stark Wealth Management LLC bought a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,523 shares of the aircraft producer’s stock, valued at approximately $529,000. Boeing accounts for about 0.7% of Stark Wealth Management LLC’s portfolio, making the stock its 29th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Wallace Advisory Group LLC raised 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 buying an additional 44 shares during the period. Aspire Capital Advisors LLC grew its holdings in 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 increased its stake in Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares during the period. Blue Barn Wealth LLC boosted its position in Boeing by 1.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after buying an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. grew its stake in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 48 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on BA shares. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and increased their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. BNP Paribas set a $150.00 price objective on Boeing in a report on Tuesday, November 18th. Citigroup assumed coverage on Boeing in a report on Thursday. They set a “buy” rating and a $265.00 target price on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $267.00 price target on shares of Boeing in a research report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.96.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This trade represents a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

Boeing Stock Up 1.8%

Shares of Boeing stock opened at $204.33 on Friday. The business has a fifty day simple moving average of $202.82 and a 200-day simple moving average of $214.12. The firm has a market cap of $155.31 billion, a price-to-earnings ratio of -14.94 and a beta of 1.18. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business posted ($10.44) EPS. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.