Bellevue Asset Management LLC Has $171,000 Holdings in The Boeing Company $BA

Bellevue Asset Management LLC cut its position in The Boeing Company (NYSE:BA) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 814 shares of the aircraft producer’s stock after selling 130 shares during the quarter. Bellevue Asset Management LLC’s holdings in Boeing were worth $171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank grew its position in 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 purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC acquired a new stake in Boeing in the 1st quarter worth $34,000. Monetary Management Group Inc. grew its position in 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 purchasing an additional 50 shares during the last quarter. Columbia River Financial Group LLC acquired a new stake in Boeing in the 1st quarter worth $50,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Boeing by 33.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock valued at $51,000 after acquiring an additional 75 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 1.0%

Shares of BA stock opened at $221.82 on Wednesday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm’s 50 day moving average is $224.63 and its 200-day moving average is $205.61. The firm has a market capitalization of $167.73 billion, a price-to-earnings ratio of -13.44 and a beta of 1.47.

Boeing (NYSE:BA) last announced 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 firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter last year, the firm earned ($2.90) EPS. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BA. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Three 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $233.91.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction that occurred on 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. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate 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.