The Boeing Company $BA Shares Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust boosted its holdings in shares of The Boeing Company (NYSE:BA) by 71.5% in the second quarter, HoldingsChannel.com reports. The fund owned 763 shares of the aircraft producer’s stock after buying an additional 318 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Boeing were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. acquired a new position in shares of Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank raised its position 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 valued at $30,000 after buying an additional 137 shares during the last quarter. Monetary Management Group Inc. raised its position 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 valued at $34,000 after buying an additional 50 shares during the last quarter. IMG Wealth Management Inc. raised its position in shares of Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $213.77 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a 50 day moving average price of $221.23 and a 200 day moving average price of $212.16. The company has a market cap of $161.64 billion, a price-to-earnings ratio of -12.95 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (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 the consensus estimate of $21.61 billion. During the same period in the prior year, the company posted ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were 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 in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BA. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Susquehanna reissued a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Sanford C. Bernstein boosted their price objective on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research report on Tuesday, September 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.32.

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.