United Advisor Group LLC Purchases Shares of 1,414 The Boeing Company $BA

United Advisor Group LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,414 shares of the aircraft producer’s stock, valued at approximately $296,000.

A number of other hedge funds have also modified their holdings of BA. Wallace Advisory Group LLC boosted its position in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares during the period. Aspire Capital Advisors LLC raised its holdings in Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC lifted its stake in Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares in the last quarter. Blue Barn Wealth LLC lifted its stake in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after buying an additional 46 shares in the last quarter. Finally, Atlas Brown Inc. boosted its holdings in shares of Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 48 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Loop Capital set a $223.00 target price on Boeing in a report on Monday, November 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.09.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 2.1%

BA stock opened at $185.69 on Thursday. The company has a 50 day moving average of $210.44 and a two-hundred day moving average of $214.79. The company has a market cap of $141.15 billion, a price-to-earnings ratio of -13.57 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 posted its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted ($10.44) EPS. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current 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.