Invictus Private Wealth LLC Invests $200,000 in The Boeing Company $BA

Invictus Private Wealth LLC bought a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 955 shares of the aircraft producer’s stock, valued at approximately $200,000.

Other large investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH boosted its position in shares of Boeing by 3.6% in the second quarter. Trust Co. of Toledo NA OH now owns 12,058 shares of the aircraft producer’s stock valued at $2,527,000 after acquiring an additional 419 shares during the period. Von Berge Wealth Management Group LLC purchased a new stake in Boeing in the second quarter valued at approximately $268,000. Aberdeen Group plc raised its stake in shares of Boeing by 4.9% during the second quarter. Aberdeen Group plc now owns 521,986 shares of the aircraft producer’s stock worth $109,372,000 after acquiring an additional 24,180 shares in the last quarter. Zullo Investment Group Inc. raised its stake in shares of Boeing by 1.2% during the second quarter. Zullo Investment Group Inc. now owns 6,353 shares of the aircraft producer’s stock worth $1,331,000 after acquiring an additional 77 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC increased its stake in shares of Boeing by 4.5% in the second quarter. Blue Zone Wealth Advisors LLC now owns 25,149 shares of the aircraft producer’s stock worth $5,269,000 after buying an additional 1,093 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $211.04 on Friday. The stock’s fifty day moving average is $224.29 and its 200 day moving average is $206.19. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a market capitalization of $159.58 billion, a PE ratio of -12.78 and a beta of 1.47.

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 company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the previous year, the firm earned ($2.90) EPS. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and lifted their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Jefferies Financial Group set a $255.00 price target on Boeing in a research report on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Finally, Bank of America boosted their target price on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three investment 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.91.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the 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 in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Boeing 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.