Valeo Financial Advisors LLC Grows Stock Holdings in The Boeing Company $BA

Valeo Financial Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 938.4% during the second quarter, HoldingsChannel.com reports. The fund owned 556,814 shares of the aircraft producer’s stock after purchasing an additional 503,193 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Boeing were worth $116,669,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Aspire Capital Advisors LLC raised its holdings in shares of Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC raised its stake 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 purchasing an additional 46 shares during the period. Atlas Brown Inc. boosted its stake in shares of Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 48 shares during the period. Moody National Bank Trust Division grew its holdings 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 valued at $385,000 after purchasing an additional 48 shares in the last quarter. Finally, Monetary Management Group Inc. increased 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 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.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the 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 completion of the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This represents 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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Sanford C. Bernstein lifted their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Barclays increased their target price on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Susquehanna restated a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Finally, Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

Boeing Price Performance

Shares of BA opened at $216.32 on Monday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a fifty day moving average price of $225.06 and a 200 day moving average price of $205.21. The company has a market cap of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same period last year, the firm earned ($2.90) earnings per share. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share 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.