The Boeing Company $BA Position Boosted by Courier Capital LLC

Courier Capital LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,880 shares of the aircraft producer’s stock after purchasing an additional 90 shares during the period. Courier Capital LLC’s holdings in Boeing were worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its holdings in shares of 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 period. Proathlete Wealth Management LLC acquired a new stake in shares of Boeing during the first quarter worth approximately $34,000. Monetary Management Group Inc. boosted its holdings in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Boeing during the second quarter worth approximately $41,000. Finally, Dogwood Wealth Management LLC boosted its holdings in shares of Boeing by 30.4% during the second quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 56 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of several research reports. Barclays raised their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $270.00 in a research report on Monday, September 8th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on 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 transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought 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 owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Boeing Trading Up 2.3%

Shares of Boeing stock opened at $215.53 on Tuesday. The company’s fifty day simple moving average is $224.15 and its 200-day simple moving average is $206.87. The company has a market cap of $162.98 billion, a price-to-earnings ratio of -13.05 and a beta of 1.47. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last announced 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 for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the firm posted ($2.90) EPS. The company’s revenue was up 34.9% compared to the same quarter last year. As a group, research analysts forecast 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.