The Boeing Company $BA Shares Sold by Emprise Bank

Emprise Bank decreased its position in The Boeing Company (NYSE:BA) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,793 shares of the aircraft producer’s stock after selling 150 shares during the period. Emprise Bank’s holdings in Boeing were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. American National Bank & Trust grew its position in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC boosted its position in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Dogwood Wealth Management LLC boosted its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter valued at approximately $33,000. Finally, Proathlete Wealth Management LLC acquired a new position in Boeing during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Stock Performance

BA opened at $215.73 on Tuesday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The stock’s fifty day moving average is $228.71 and its 200-day moving average is $199.86. The company has a market capitalization of $163.13 billion, a PE ratio of -13.07 and a beta of 1.48.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.90) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Wednesday, July 30th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

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.