Midwest Financial Group LLC Buys 175 Shares of The Boeing Company $BA

Midwest Financial Group LLC lifted its stake in The Boeing Company (NYSE:BA) by 2.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,800 shares of the aircraft producer’s stock after buying an additional 175 shares during the quarter. Midwest Financial Group LLC’s holdings in Boeing were worth $1,844,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BA. Aspire Capital Advisors LLC raised its position in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC boosted its position in shares of 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 during the period. Atlas Brown Inc. grew its stake in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 48 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Boeing by 2.7% in the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after buying an additional 48 shares during the period. Finally, Monetary Management Group Inc. raised its holdings in shares of Boeing by 33.3% in the first 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 period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a report on Monday. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price for the company in a research note on Friday, June 27th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.00.

Boeing Price Performance

NYSE:BA opened at $215.88 on Wednesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a 50-day moving average of $226.04 and a 200 day moving average of $203.92. The firm has a market cap of $163.24 billion, a PE ratio of -13.08 and a beta of 1.48.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate 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 period in the prior year, the company posted ($2.90) EPS. The business’s quarterly revenue was up 34.9% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 35,873 shares of the company’s stock, valued at $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. Insiders own 0.09% of the company’s stock.

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.