The Boeing Company $BA Position Reduced by Smith Anglin Financial LLC

Smith Anglin Financial LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 8.9% during the second quarter, HoldingsChannel reports. The fund owned 3,401 shares of the aircraft producer’s stock after selling 333 shares during the quarter. Smith Anglin Financial LLC’s holdings in Boeing were worth $713,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BA. American National Bank & Trust boosted its stake in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. Piscataqua Savings Bank lifted 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 worth $30,000 after buying an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in shares of Boeing in the 1st quarter worth about $34,000. Monetary Management Group Inc. lifted its position 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 worth $34,000 after buying an additional 50 shares during the last quarter. Finally, Columbia River Financial Group LLC bought a new position in shares of Boeing in the 1st quarter worth about $50,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent research reports. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research report on Monday, July 14th. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Thursday, June 12th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Boeing Stock Up 3.6%

BA stock opened at $221.28 on Monday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm’s 50-day simple moving average is $226.53 and its 200 day simple moving average is $203.45. The stock has a market cap of $167.32 billion, a PE ratio of -13.40 and a beta of 1.48.

Boeing (NYSE:BA) last released its quarterly earnings data 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 company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the previous year, the business posted ($2.90) earnings per share. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, 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 disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

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.