The Boeing Company $BA Stake Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 28.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,380 shares of the aircraft producer’s stock after purchasing an additional 7,542 shares during the period. Concurrent Investment Advisors LLC’s holdings in Boeing were worth $7,204,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Piscataqua Savings Bank lifted its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new stake in shares of Boeing in the first quarter valued at $34,000. Monetary Management Group Inc. boosted its position in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Boeing during the second quarter valued at $41,000. Finally, Dogwood Wealth Management LLC increased its position in Boeing by 30.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $211.04 on Monday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock’s 50-day moving average is $224.29 and its two-hundred day moving average is $206.57. The firm has a market cap of $159.58 billion, a P/E ratio of -12.78 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 for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. Boeing’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.90) EPS. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BA. Barclays raised their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein raised their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research note on Friday, June 27th. Finally, KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

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 value 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 SEC, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price 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 $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

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.