Baron Silver Stevens Financial Advisors LLC Purchases Shares of 1,029 The Boeing Company $BA

Baron Silver Stevens Financial Advisors 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 1,029 shares of the aircraft producer’s stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of the stock. Aspire Capital Advisors LLC boosted its holdings in shares of Boeing by 0.8% in the second 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 position in shares of Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after acquiring an additional 46 shares in the last quarter. Atlas Brown Inc. boosted its stake in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 48 shares during the period. Moody National Bank Trust Division grew its position in Boeing by 2.7% during the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after purchasing an additional 48 shares in the last quarter. Finally, Monetary Management Group Inc. raised its stake in Boeing by 33.3% during 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 during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $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 company insiders.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and raised their target price for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Boeing Stock Up 3.6%

NYSE BA opened at $221.28 on Monday. The stock has a market capitalization of $167.32 billion, a PE 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 has a 50 day moving average price of $226.53 and a two-hundred day moving average price of $203.45.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the prior year, the company earned ($2.90) EPS. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities 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.