Modera Wealth Management LLC Grows Stock Position in The Boeing Company (NYSE:BA)

Modera Wealth Management LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,615 shares of the aircraft producer’s stock after purchasing an additional 552 shares during the quarter. Modera Wealth Management LLC’s holdings in Boeing were worth $958,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. American National Bank & Trust grew its holdings in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares during the period. REAP Financial Group LLC grew its holdings in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC grew its holdings in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC acquired a new position in Boeing during the fourth quarter worth $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on BA. JPMorgan Chase & Co. upped their target price on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday. Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a “buy” rating in a report on Thursday, June 12th. Finally, TD Securities lowered Boeing to a “cautious” rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.73.

Boeing Trading Down 1.8%

NYSE BA opened at $221.87 on Friday. The business’s 50-day moving average price is $214.84 and its 200 day moving average price is $188.30. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a market capitalization of $167.77 billion, a PE ratio of -13.44 and a beta of 1.41.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) 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. During the same quarter last year, the business posted ($2.90) EPS. Boeing’s revenue for the quarter was up 34.9% on a year-over-year basis. Equities analysts predict 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.