Bill Few Associates Inc. Has $363,000 Stock Position in The Boeing Company $BA

Bill Few Associates Inc. lowered its position in shares of The Boeing Company (NYSE:BA) by 2.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,733 shares of the aircraft producer’s stock after selling 50 shares during the quarter. Bill Few Associates Inc.’s holdings in Boeing were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth $201,000. GAMMA Investing LLC increased its position in shares of Boeing by 13.9% in the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock worth $998,000 after purchasing an additional 716 shares during the period. Elevation Point Wealth Partners LLC increased its position in shares of Boeing by 50.8% in the first quarter. Elevation Point Wealth Partners LLC now owns 5,558 shares of the aircraft producer’s stock worth $948,000 after purchasing an additional 1,873 shares during the period. Goldstone Financial Group LLC bought a new position in shares of Boeing in the first quarter worth $278,000. Finally, Stock Yards Bank & Trust Co. increased its position in shares of Boeing by 11.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 3,194 shares of the aircraft producer’s stock worth $545,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business’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 completion of the purchase, the director directly owned 2,200 shares of the company’s stock, 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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Bank of America raised their price target on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays lifted their target price on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Boeing Trading Down 2.3%

Shares of BA stock opened at $211.04 on Monday. The business’s 50-day moving average price is $224.29 and its 200-day moving average price is $206.57. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market capitalization of $159.58 billion, a price-to-earnings ratio of -12.78 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter last year, the firm earned ($2.90) earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.