The Boeing Company $BA Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC decreased its stake in shares of The Boeing Company (NYSE:BA) by 16.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,638 shares of the aircraft producer’s stock after selling 325 shares during the quarter. Grandfield & Dodd LLC’s holdings in Boeing were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new stake in Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank increased its position in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Monetary Management Group Inc. raised 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. Decker Retirement Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at $35,000. Finally, IMG Wealth Management Inc. lifted its position 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 last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average price 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BA. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. UBS Group reissued a “buy” rating on shares of Boeing in a research report on Thursday, October 30th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $240.30.

Boeing Price Performance

Boeing stock opened at $194.45 on Friday. The business has a 50 day simple moving average of $212.85 and a 200-day simple moving average of $214.45. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a market capitalization of $147.80 billion, a PE ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($10.44) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current 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.