Uhlmann Price Securities LLC Boosts Stake in The Boeing Company $BA

Uhlmann Price Securities LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,360 shares of the aircraft producer’s stock after buying an additional 100 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Boeing were worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $201,000. GAMMA Investing LLC raised its position in shares of Boeing by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock valued at $998,000 after buying an additional 716 shares in the last quarter. ORG Partners LLC raised its position in shares of Boeing by 119.9% during the 1st quarter. ORG Partners LLC now owns 895 shares of the aircraft producer’s stock valued at $152,000 after buying an additional 488 shares in the last quarter. Advisor Resource Council purchased a new stake in shares of Boeing during the 1st quarter valued at $578,000. Finally, Absher Wealth Management LLC raised its position in shares of Boeing by 4.5% during the 1st quarter. Absher Wealth Management LLC now owns 96,747 shares of the aircraft producer’s stock valued at $16,500,000 after buying an additional 4,195 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

BA has been the topic of several recent research reports. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Finally, UBS Group set a $280.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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 PE ratio of -12.91 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company’s fifty day simple moving average is $223.10 and its two-hundred day simple moving average is $208.23.

Boeing (NYSE:BA) last announced its quarterly 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 business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The firm’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.90) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.