The Boeing Company $BA Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 52.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,938 shares of the aircraft producer’s stock after selling 16,523 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Boeing were worth $3,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after purchasing an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Boeing by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock worth $715,979,000 after purchasing an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Boeing by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after purchasing an additional 91,707 shares during the last quarter. Swiss National Bank boosted its stake in Boeing by 2.5% during the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock worth $359,895,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Boeing by 3.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,968,748 shares of the aircraft producer’s stock worth $335,770,000 after purchasing an additional 69,560 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Bank of America lifted their price target on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of Boeing in a report on Wednesday, July 30th. Finally, KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $230.77.

Boeing Trading Up 3.6%

Shares of BA opened at $221.28 on Friday. The firm has a market cap of $167.32 billion, a P/E ratio of -13.40 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company’s 50-day moving average price is $226.53 and its 200 day moving average price is $202.84.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.90) EPS. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were 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 approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

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.