1,002 Shares in The Boeing Company $BA Purchased by Clark & Stuart Inc

Clark & Stuart Inc acquired a new stake in shares of The Boeing Company (NYSE:BA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,002 shares of the aircraft producer’s stock, valued at approximately $210,000.

Several other large investors have also bought and sold shares of BA. Vestcor Inc increased its position in shares of Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after acquiring an additional 1,195 shares in the last quarter. National Pension Service increased its holdings in shares of Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after purchasing an additional 218,049 shares in the last quarter. MFG Wealth Management Inc. purchased a new position in shares of Boeing in the first quarter worth $2,125,000. Kelman Lazarov Inc. bought a new position in shares of Boeing during the first quarter valued at $262,000. Finally, Vanguard Group Inc. boosted its position in shares of Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following 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 disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. UBS Group set a $280.00 target price on Boeing and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Saturday, September 27th. Sanford C. Bernstein raised their target price on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Finally, Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research report on Tuesday, September 30th. Three equities research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.91.

Boeing Trading Up 1.5%

BA opened at $219.62 on Tuesday. The company’s 50 day moving average is $224.72 and its 200 day moving average is $205.50. The company has a market cap of $166.07 billion, a price-to-earnings ratio of -13.30 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

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 the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.90) EPS. As a group, 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.