ZWJ Investment Counsel Inc. Purchases 67,886 Shares of The Boeing Company $BA

ZWJ Investment Counsel Inc. raised its position in The Boeing Company (NYSE:BA) by 48.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 208,705 shares of the aircraft producer’s stock after buying an additional 67,886 shares during the quarter. Boeing comprises about 1.6% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 25th largest holding. ZWJ Investment Counsel Inc.’s holdings in Boeing were worth $43,730,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BA. Revolve Wealth Partners LLC bought a new stake in Boeing in the 4th quarter valued at approximately $201,000. Hennion & Walsh Asset Management Inc. lifted its stake in Boeing by 17.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,188 shares of the aircraft producer’s stock valued at $885,000 after acquiring an additional 769 shares in the last quarter. Chatham Capital Group Inc. increased its position in shares of Boeing by 19.3% during the 1st quarter. Chatham Capital Group Inc. now owns 3,403 shares of the aircraft producer’s stock worth $580,000 after purchasing an additional 550 shares during the last quarter. Vest Financial LLC increased its position in shares of Boeing by 73.5% during the 1st quarter. Vest Financial LLC now owns 11,275 shares of the aircraft producer’s stock worth $1,923,000 after purchasing an additional 4,777 shares during the last quarter. Finally, Foster Group Inc. increased its position in shares of Boeing by 3.8% during the 1st quarter. Foster Group Inc. now owns 3,346 shares of the aircraft producer’s stock worth $571,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BA. UBS Group set a $280.00 price target on Boeing and gave the stock a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Saturday, September 27th. Finally, Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. The trade was 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 currently owned by insiders.

Boeing Trading Down 0.5%

BA stock opened at $216.32 on Friday. The firm has a market capitalization of $163.57 billion, a PE ratio of -13.10 and a beta of 1.47. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The business’s 50 day simple moving average is $225.06 and its 200 day simple moving average is $204.76.

Boeing (NYSE:BA) last posted its 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 company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The company’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.90) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal 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.