The Boeing Company $BA Shares Purchased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its position in The Boeing Company (NYSE:BA) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,279 shares of the aircraft producer’s stock after acquiring an additional 267 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc raised its position in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares during the period. National Pension Service raised its position in Boeing by 19.6% in the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares during the period. MFG Wealth Management Inc. purchased a new position in Boeing in the first quarter valued at about $2,125,000. McElhenny Sheffield Capital Management LLC purchased a new position in Boeing in the second quarter valued at about $62,859,000. Finally, Kelman Lazarov Inc. purchased a new position in Boeing in the first quarter valued at about $262,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought 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 in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and raised their price objective for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research report on Friday, June 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Jefferies Financial Group set a $255.00 target price on Boeing in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $240.20.

Boeing Stock Up 0.6%

Shares of Boeing stock opened at $213.09 on Monday. The firm has a market cap of $161.13 billion, a P/E ratio of -12.91 and a beta of 1.47. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The business has a 50-day moving average price of $223.10 and a 200 day moving average price of $208.23.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 analysts’ expectations of $20.13 billion. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.90) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current 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.