The Boeing Company $BA Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,762 shares of the aircraft producer’s stock after buying an additional 437 shares during the period. Wedbush Securities Inc.’s holdings in Boeing were worth $8,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Harbor Asset Planning Inc. purchased a new position in Boeing in the second quarter worth $25,000. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. IMG Wealth Management Inc. grew its stake in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the period. Monetary Management Group Inc. increased its holdings in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Boeing in the second quarter valued at about $41,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $194.40 on Friday. The company’s 50 day simple moving average is $216.65 and its 200-day simple moving average is $213.74. The firm has a market capitalization of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the business posted ($10.44) earnings per share. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Loop Capital set a $223.00 price target on shares of Boeing in a research report on Monday. Barclays upped their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $241.80.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was 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 directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

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.