Stonebrook Private Inc. Increases Holdings in The Boeing Company $BA

Stonebrook Private Inc. grew its stake in The Boeing Company (NYSE:BA) by 46.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,758 shares of the aircraft producer’s stock after purchasing an additional 1,189 shares during the quarter. Stonebrook Private Inc.’s holdings in Boeing were worth $787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Harbor Asset Planning Inc. bought a new position in Boeing in the 2nd quarter worth about $25,000. Piscataqua Savings Bank raised its holdings in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Monetary Management Group Inc. lifted its stake in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Boeing during the second quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. increased its position in shares of Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and boosted their target price for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Barclays raised their price target on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Loop Capital set a $223.00 price objective on shares of Boeing in a report on Monday, November 3rd. Finally, BNP Paribas Exane started coverage on shares of Boeing in a report on Tuesday. They issued an “underperform” rating and a $150.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $232.09.

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value 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 approximately $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Boeing Stock Down 1.1%

Shares of NYSE:BA opened at $189.71 on Wednesday. The stock has a market capitalization of $144.20 billion, a PE ratio of -13.87 and a beta of 1.44. The firm’s 50 day moving average price is $211.28 and its 200-day moving average price is $214.99. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last released 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 for the quarter, compared to analyst estimates of $21.61 billion. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($10.44) EPS. Analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.